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Microsoft really wants Local accounts gone after it erases its guide on how to create them
(www.xda-developers.com)
this post was submitted on 24 Jun 2024
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Authoritarian capitalism is not the most effective form of capitalism. It is the most effective for those that are already on top, but for the market as a whole (and especially for the society around that market), it's going to be worse in the long run.
Companies that are protected from competition by an authoritarian government will be able to extract higher profits in the short term, but their products and services will become worse in the long term, which not only harms their customers, but also the company's chances of selling their products on actually competitive markets. The American car makers are a good example of this imo.
Companies that are protected from having to pay fair wages and/or providing good working conditions, will be faced with labor shortages if the workers have alternatives, or with a depressed consumer market because the people have less money/time to spend on consuming things.
It depends how you define effective. Of course the consumer would prefer a free market with competition and low barriers to entry. This is the most egalitarian system, where money (and therefore power) gets distributed almost democratically.
It's a liberal democratic version of capitalism. It's the version of capitalism that works. Not perfectly, but it rises people out of poverty and is more or less egalitarian, relative to the alternatives.
Authoritarian capitalism is where you still have the large private sector except you don't have the political freedoms. Think China post 1970s, modern Russia, Singapore.
The government essentially rewards companies that support the power structure. They get privileges and a say at the table. It creates a sort of incestuous relationship between the government and large corporate entities.
The US is moving towards this system as wealth inequality and corporate influence rises (more strongly under Biden than Trump, might I add. Probably to do with pandemic). More $$$ = more power. More power, more influence within the government. Creates a cycle where it's a "buy your policy" type of democracy.
Slowly our political freedoms are being eroded. Mass surveillance, the CIA and Pentagon are now allowed to spread propaganda on US soil (they were not allowed to before early 2000s), erosion of democratic institutions through populism. For example "fake elections" and events like Jan 6th. We are starting to censor and ban outside views ("misinformation" bans from Covid, the banning of TikTok, Google & Facebook & reddit & Twitter regularly manipulate the information people receive and cooperate with the government)
Only some crazy number like 20% of people approve of Congress in this country. The democracy is falling apart and some new system is forming.
As China is opening up their private market to become more like us in terms of finance, big capital, corporate rights, etc. We are closing down our political system to become more like them in terms of the loss of political freedoms, censorship, etc.
Well, yeah, but screw those guys. They're not the ones that are supposed to benefit from the system anyway.
That's by design.