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Joined 1 year ago
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Cake day: September 2nd, 2023

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  • I’m absolutely certain that it wasn’t ads that put a firm like TomTom on a downward slope. This was actually the first time that I’ve heard someone proclaim that ads are the reason.

    If your business is to sell maps + navigation devices for money and then the times change and now nearly everyone already owns a smartphone with built in gps + some car manufacturers provide sat nav as a default + another company is giving access to a map away for free, well then your business is in trouble.

    I’ve never even heard of ads in TomTom or Garmin, since I stopped using a dedicated sat nav once I had a smartphone, but it wouldn’t surprise me if it was one of the things they tried to stay afloat after smartphones became ubiquitous.



  • I consider as most effective, the system that is most effective for the whole market in the long term, not the system that only works best for a few in that market. And yes, I realize that authoritarian market intervention is great for maximizing short term profits for those few companies/persons, but if the rest of the market suffers in the long term because of it (and they are), then we’re dealing with rent seeking and that’s pretty commonly accepted to be bad in the long term. Bad for society, but also bad for wealth creation. And if it’s bad for wealth creation, then it’s definitely not effective capitalism. This is why I consider authoritarian capitalism to not be the most effective form of capitalism.

    And yeah, I’m aware that the USA is on this trajectory. Other western democracies are too, but of those that are, I think it’s still mostly to a lesser extent than the USA.

    About China: China’s competiveness has significantly regressed in the last few years. Xi Jinping’s authoritarian and imperialistic policies have not been good for business. Under Xi Jinping guanxi is also much more important again than it was under Hun Jintao: companies have no real rights, they too are dependant on maintaining relations and obeying the government. If they fail to maintain relations or if they bet on the wrong political horse, then the company leadership will be gone pretty fast.


  • Authoritarian capitalism is not the most effective form of capitalism. It is the most effective for those that are already on top, but for the market as a whole (and especially for the society around that market), it’s going to be worse in the long run.

    Companies that are protected from competition by an authoritarian government will be able to extract higher profits in the short term, but their products and services will become worse in the long term, which not only harms their customers, but also the company’s chances of selling their products on actually competitive markets. The American car makers are a good example of this imo.

    Companies that are protected from having to pay fair wages and/or providing good working conditions, will be faced with labor shortages if the workers have alternatives, or with a depressed consumer market because the people have less money/time to spend on consuming things.





  • Hey, thanks for taking the time to answer.

    Afaik, high internet speed requires higher frequencies and high frequencies reach less far + have less penetration through/around obstacles. That’s what makes providing “4g” virtually everywhere easy (good enough for phone calls at least), but if they want to provide actual high speeds everywhere, then it suddenly becomes not so easy (nor cheap).

    That the USA and Canada don’t provide proper high speed internet access/choice to many of their rural citizens is caused by the rent-seeking mentality of their network companies + the governments that enable this. Most of those rural citizens live in places where there are more than enough people for it to make economic sense to invest, but investing would lower short term profits, so they don’t. Instead those customers are stuck with the choice between a single provider who is offering bad service, or no service at all. And as we’ve seen with the Boobies American, they’ve got enough of their dumb citizens convinced that they are oh so exceptional that this is the best that they could ever expect.









  • I didn’t read every little bit as well, but that was my take away as well. I saw an emotially invested CEO who could not bear seeing his baby dragged through the mud, and so he wanted to provide a counterpoint to what he saw as misinformation and accusations, but in a polite professional manner. My first instinct would be that he would have been wasting his time with that, but seeing as his comments got posted and they make a more convincing level headed argument then the accusations, maybe it was worth it.