Comments by "Chompy the Beast" (@chompythebeast) on "Everything You Own Is Made By One Single Company" video.
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@MinecraftFleischer Your framework is entirely mired in that of capitalism. Yes, as others have pointed out, under capitalism, your description is accurate. Under a centrally-planned socialist economy, however, CEOs and capitalists are not the ones deciding how society's amassed wealth will be directed, but the people and the state, with careful consideration not for the profit of the few but for the benefit of the whole, make those choices instead. Gone, then, is the fear of capitalist venture and its potential associated loss, gone is the very motivation and source of that fear, and in its place, industry is aligned to more productive, less wasteful, less selfishly-inclined ends.
In short, capitalists ("businessmen", as you call them, though of course business will still require professional laborers even after capitalism's end) will neither be fronting their money for research nor making those decisions themselves, but the state and the people will. The idea that individual sectors of the master class, locked in ruthless competition with each other as they are, are somehow better decision-makers for all of society is a fantasy that is immediately dashed with even a cursory examination of wealth inequality and the ongoing existence of hunger, houselessness, and all other symptoms of poverty. Real democracy doesn't look like empowering gangs of plutocrats and oligarchs, it looks like a worker's state making choices with the input and for the direct benefit of the people.
One would have to pull out some very tongue-worn boots indeed and evince a love of dead-on-arrival "Reagonomics" (aka Neoliberalism) to argue that somehow society is safer in the hands of the wealthy few than in the hands of all of us. One might as well try to sell me on fealty to the Divine Right of Kings while they're at it at that point
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@MinecraftFleischer Patents stifle innovation, they do not encourage it. Patents also don't stop pharmaceutical companies from developing a 49th acne cream rather than producing much-needed malaria medicine. Patents encourage profit for their holder at the expense of any other end, which is bad for things like consumer products and downright horrific for medicine.
Patents don't push any company or society towards any goal other than the amassment of wealth for themselves. They have exactly zero other purpose, they do nothing for innovation. This is just the excuse that billionaire companies use to justify being billionaire companies who are, again, allocating their massive resources in ways not at all optimized for human life and well-being, but solely for the profit of their shareholders.
The quest to enshrine all forms of private property, even making private property of mere ideas and concepts, is an inherently capitalist one, but it is not for the good of society by any means―in fact, patents, alongside other forms inherent theft, ought to be utterly abolished
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