Robert Thibadeau
1 min readMar 13, 2022

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Spoken like a true communist. Definition: "an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state."

You lied when you extended that to "concentrate it into as few hands as possible"... which is not capitalism. There is nothing about capitalism that says a capitalist has to seek merging into conglomerates. Efficiency is in the mind of the beholder. That is the essence of capitalism. The state does not own it. I am a strong proponent of Teddy Roosevelt who broke up Standard Oil because it got too big. But he broke it up into many independent companies. The government has a role in keeping capitalism from the efficiency imagined by dictators. The state has a responsibility to preserving life, liberty, and the (individual) pursuit of happiness. A free market is a good attribute of healthy capitalism -- competitors can arise with better capitalistic ideas.

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Robert Thibadeau
Robert Thibadeau

Written by Robert Thibadeau

Carnegie Mellon University since 1979 — Cognitive Science, AI, Machine Learning, one of the founding Directors of the Robotics Institute. rht@brightplaza.com

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