2,347 karma · joined June 15, 2014
Or you run "money primaries", financially filtering the menu of candidates before democratic voting. Or you pay/lobby for (non-democratic) judicial appointments, which is a strategy that's been openly pursued since 1971: https://biotech.law.lsu.edu/blog/powell-memo.pdf
edit: to be clear, if companies are committing fraud in their marketing, that should be prosecuted or if regulations around misleading marketing are weak, that should be legislated of course.
The role of speculative fiction isn't to accurately predict what future tech will be, or become obsolete.
> capture the market, and become the sole dominant force in that market and use your position to then pull up the ladder behind you and cement your position
This is worth discussing in detail. Becoming dominant by providing a better thing, or investing more capital, is not tilting the playing field, it's winning the game. Getting government protected monopolies, special tax write-offs, subsidies, exclusive grants is. Uber and Facebook are not anticompetitive just because they are dominant, they are anticompetitive to the extent that they specifically use their dominance to influence politics.
Rent seeking is an Econ 101 example of market inefficiency.
> what's the other option, rent seeking is socialism?
Rent seeking is rent seeking. It is a form of corruption, via regulatory capture. It is a way in which any political system can fail, not limited to an ideology like "socialism" or "capitalism".