One thing that bugs me about discussions about the way we talk about capitalism and the free market, is that it seems pretty clear that there is a difference between well/heavily regulated capitalism, and excessively free market capitalism. From the article:
“ Why did they break down? Well, in 2019, I started tracing the collapse of the industry to the end of the regulations that prohibited vertical integration of TV and film. These were known as financial syndication rules in TV and the Paramount decrees in movies. In this framework, TV networks couldn’t make their own prime time shows, but had to buy them from others. Similarly movie theaters and studios had to be separated. These rules created an open market for content, and linked consumer preferences with quality content.”
I feel like most of the stories of giant corporations, less choice, less competition lower quality and higher prices are often traced back tot he deregulation of something that used to be considered common sense capitalism, for instance, stock buybacks were illegal until 1982.
I don’t know exactly what it is, but the free Market needs to focus on product innovations and not business model innovations; at least not over optimizing here.
Or it’s not even business model but like business structure innovations.
andsoitis•2mo ago
Nostalgia is a photograph with the shadows cropped out.
techblueberry•2mo ago
“ Why did they break down? Well, in 2019, I started tracing the collapse of the industry to the end of the regulations that prohibited vertical integration of TV and film. These were known as financial syndication rules in TV and the Paramount decrees in movies. In this framework, TV networks couldn’t make their own prime time shows, but had to buy them from others. Similarly movie theaters and studios had to be separated. These rules created an open market for content, and linked consumer preferences with quality content.”
I feel like most of the stories of giant corporations, less choice, less competition lower quality and higher prices are often traced back tot he deregulation of something that used to be considered common sense capitalism, for instance, stock buybacks were illegal until 1982.
I don’t know exactly what it is, but the free Market needs to focus on product innovations and not business model innovations; at least not over optimizing here.
Or it’s not even business model but like business structure innovations.
andsoitis•2mo ago