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o_O.Q said:
Mr Puggsly said:

This is what happens when you learn about economics from a socialist.

exactly and the thing that always gets me is that these people are here using computers with internet connections on a video game forum and cannot for some reason acknowledge the contradiction in their brains...

how do people think any of these things came into existence? its through competition dummies!!!

i swear its the most bizarre thing i have ever experienced

i'm starting to wonder if its the result of isolation away from the actual operations that produce the products we use and maintain our services that leads to this kind of ignorance and it seems to be the case in some cases

the other thing is that if you care so much about the poor, put your money where your mouth is and sell all of this unnecessary crap like video games and invest that into funding social programs for the poor and dedicate the time you would spend posting here to that cause

you don't do it because the truth is that you really don't care about the poor, its virtue signalling bullshit

Here's the thing though: Social democrats (the kind of people most Americans call socialists or far left despite being far away from the edges and actually center-left) believe very in that competition very much. In fact, one of their key points is to level the field for everyone and not having the bigger ones eating up the smaller ones like Majin Boo eating candy - which is what happens under laissez-faire capitalism all the time. It's called a social market economy.

And all that company-eating has a negative effect on innovation: why research when there's no competition who can challenge current products (just look what Intel did for years now). Oh, and since there's no competition, let's crank up the prices (Intel, NVidia and Apple for more well-known examples) as well. Besides, if they ever need to innovate, they'd just buy up a start-up or a competitor with some good ideas with a small part of the money they made by having no real competition.

I believe many of those who support laissez-faire capitalism  would actually be more in favor of Ordoliberalism, as here the State's main purpose is to keep a healthy competition between the companies and their output the closest possible to their theoretical maximum.