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I know a few categories falling under this "richest 1% of the world’s people": entrepreneurs, highly paid professionals and politicians.

The entrepreneurs invested in or built from scratch organizations able to deliver an incredible amount of value to our society in the form of products, services and jobs. These organizations, called businesses, are the unsung heroes that differentiate our lands of plenty from the hunger and cold of countries suffering under communism.

The professionals (doctors, lawyers, programmers) worked in such organizations and added significant value ensuring their success in the market place.

Finally, politicians managed to convince a sufficient number people that only they can solve their problems and thus got themselves elected into positions where they control significant flows of money and/or influence.


> Locally made stuff was bound to be a lot cheaper.

Lots of stuff under communism was cheaper on paper. It was also extremely crappy and/or unavailable.

So black markets were thriving, even though, as you rightly point out, used hard to get, expensive currency.


Paul Grahams's latest public statement on the issue:

https://x.com/paulg/status/2041363640499200353


> Safeway won’t starve and die if I decide to buy from Fred Meyer.

Ironically, you (along with a significant number of others) deciding to buy from a competitor will eventually lead to financial trouble for Safeway and thus to layoffs and losses for their investors (pension funds among them).

So, do you find your decision to buy from Fred Meyer "absolutely immoral"?!


I don’t think there’s any point in having a conversation with you if you don’t see any difference between employment, community, civic duty and market. If you treat people as a market product, then we have even less to discuss.


Ignoring market realities and proclaiming to care about noble but unrealistic ideological goals is how the communist regime I grew up under managed to fail to even feed its population.


> once you have a dominant player they just buy or undercut the occasional competing startup

If they buy startups, a thousand more will spring up hoping to be bought. Investors love this game.

And if you think undercutting works, read up on the story of Dow and how they broke the German bromine monopoly [1].

There is no such thing as a natural monopoly. Only governments can create monopolies, usually through regulation.

[1] https://en.wikipedia.org/wiki/Herbert_Henry_Dow#Breaking_a_m...


> to make any attempt to enforce antitrust a carrier killer for a politician

Any example of a politician carrier killed by an attempt to enforce antitrust?


Biden.

Him putting Lisa Khan in charge of antitrust enraged the tech oligarchs, who then all went MAGA and bought Trump the election.


> went MAGA and bought Trump the election

Didn’t Harris actually raise and spend more than Trump on that election?


Yeah but the tech spend was way more effective. Elon took over Twitter.


It seems like you have an unfalsifiable belief. If one side raises more money and wins, it because of the money. If one side raises more money and loses, it is still the money because the other side spend it more effectively.


You almost got it. We all lose as long as money determines power in social relations.


So no, they didn't "bought Trump the election".

And the fact that a 3rd party supports an opponent does not kill any politician's career. Biden retired by himself, following his own party's pressure. And Harris is still around, I believe.


Of course they did. They used their capital to influence democracy. That's capitalism baby!


I (and most of the people I know) are happily paying for ChatGPT (or one of its competitors) every month. The value I get from it dwarfs the tiny fee.


I'm a paying subscriber to both ChatGPT and Grok and am a satisfied customer. It's fun to compare the output of both.


> All empirical evidence shows that single payer systems work better, producing far better outcomes at lower cost, than the US system.

Agreed. Also, all empirical evidence shows that free-markets work better, producing far better outcomes at lower cost than either. Just look around at any less-regulated and thus free-er markets. Or just "reject the evidence" - your choice.

> die

I am middle-aged so I used plenty of health services in my life. I always had choices when in came to price and level of care and treatment. None of them were for the "dying" case. But I do have an insurance specifically for that case. I am a rational being so I plan in advance. No need for a government bureaucrat to decide my health care for me just in case some day I may be incapacitated.


No need for blind belief, you can always visit Venezuela, North Korea or Cuba to see how a country without free markets fares.

Or come here in Eastern Europe where we had the "pleasure" of trying both systems and see how free markets pulled us out of utter poverty.


> greedy corporations who literally exist to extract the most money

Every single product and service I am using in my life is made by a corporation. The clothes I wear, the food I eat, the car I drive, the PC I am making my living on.

Government?! Decaying infrastructure, lines at the DMV, crappy schools and killer hospitals.

You may trust the government if you want, but I will never. However, you are the only one pushing your choice onto me and reducing my options. I am fine with you using private or governmental services but you won't allow me this freedom of choice.


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