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Comment Re: Capitalism wins again. (Score 2) 149

No, that's not (necessarily) capitalism. For example, we had ownership in medieval times in the UK... Did we have capitalism? No. We had feudalism. In China, you have the concept of personal ownership. Do they have capitalism? No - they have a corruption of communism. Hell, North Korea has personal ownership. Do they have capitalism? No - they have a dictatorship. Russia has personal ownership. Do they have capitalism? No - they have an oligarchy. Nazi Germany had personal ownership. Capitalism? No. Fascism.

Basically every society in history has had the concept of personal ownership. The question of capitalism or not revolves around the question of whether the government allows mostly uncontrolled exchange of goods, and the method of production. In feudal Europe, I as a person was allowed to own a mill, and sell the grain produced by it... as long as the "government" (my feudal laird) allowed it. It wasn't free buying and selling of the mill itself, it was buying and selling of the mill as long as the government agreed with it.

Comment Re:What is it with surveillance? (Score -1, Troll) 95

Sorry, but what? What mass surveillance? This isn't mass surveillance at all, any more than me having a dash cam is mass surveillance. If someone does something dangerous around me in my car, endangering the people in my car, you can bet your bottom dollar I'm going to share that with the police. Why on earth would a School bus driver not too?

Comment Re: amazing (Score 5, Insightful) 132

The reason we allow the stock market is ostensibly because people who are gambling are providing a service to the companies they are gambling on. The added cash allows those companies to do things they otherwise wouldnâ(TM)t be able to.

Prediction markets are just pure gambling. No investment, just betting.

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