Re: Nvidia Replaces Intel on DOW

On 04/11/2024 04:57, Charlie Gibbs wrote:

On 2024-11-03, Lawrence D'Oliveiro <ldo@nz.invalid> wrote:
 

On Sun, 3 Nov 2024 08:48:50 +0000, The Natural Philosopher wrote:
>

A gentler more commercial form of communism...

>
“Communism” is when the Government does it.
>
What do you call it when a private company does it?

 I've heard the term "corporatism".  IMHO that's a
contraction of "corporate fascism".
 

Mmm. It is a rather new phenomenon - the collusion of state and big capital to capture markets by diktat, rather than by competition. It is very similar to the  way Russia is run, although there, with no democracy, they don't even bother to pretend its anything but a mafia supported oligarchy.
I don't think it has any good name. We knew who the Fascists were in the 1930s because they called themselves Fascists, and they competed with the communists for control of totalitarian regimes.
Today both right and left are leaning towards totalitarianism again.
With the full support of global megabucks.
--
“Progress is precisely that which rules and regulations did not foresee,”
  – Ludwig von Mises