The Age When Capitalism Went Too Far

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Shared September 8, 2018

People think companies have too much power today, but there was an age in the 19th century that things were even worse. So let's talk about that, shall we?

Music:
Money Loving- Niklas Ahlstrom
Money Job- Merlean
The Swing- Merlean
Rock the Casino 6 T60- Merlean
Rock the Casino 9 TSO- Merlean
Rock the Casino 3- Merlean
Rock the Casino 4- Merlean
The Target- Merlean
Jiving- Niklas Ahlstrom
Keep Moving- Merlean
Do Tell- Niklhas Ahlstrom
What Lies Ahead- Merlean


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Boom baby.

3 months ago | 2,085

EmperorTigerstar

And now they do the same things but make sure the labor is in other poor countries so we don’t have to look at it.

3 months ago | 3,892

I_Am_Dragoon

Capitalism has leveled up. Capitalism has learned *Monopoly*. Capitalism is Evolving. Congratulations. Capitalism has become Corporatism.

2 months ago | 28

Bazzralic

Anti-trust for Disney, Google, Amazon, Tencent when?

2 months ago | 19

TheCoffeeWizard08

Both the far right and the far left are Utopian ideals, impossible in the real world. So we need a little bit of both, can't have a free market without pro-consumer laws and cant have welfare without regulations on who gets it.

3 months ago | 132

jasonlb136

You’re conveniently omitting the fact that all of this was enabled by the government from the very beginning. Vanderbilt and Rockafeller bribed government officials to look the other way as they committed violence against their competition. You briefly touched on the idea that unions were illegal, but failed to mention how that happened because the government accepted bribes to make unions illegal. You kind of threw this general idea in at the end, but then tried to paint the government as the victims for taking bribes. The government is rarely the savior it pretends to be in these type of situations. It’s usually the greatest perpetrator. These monopolies happened BEACAUSE government wanted them, as usual.

2 months ago | 165

Sam Morris

I mean the East India company had a private army twice the size of the british army at the start of the 19th century and controlled around 70% of the world's trade as well as essentially ruling over the whole of India

3 months ago | 704

Otto von Bismarck

By nature, capitalism can't go too far, because when there is no more competition, it's no longer capitalism. It becomes corporatism.

3 months ago | 327

Grand Moff Tarkin

19th century: The Age when capitalism went too far. 20th century: The Age when socialism went too far. 21th century: The Age when feminism went too far.

3 months ago | 398

Shaun House

Give me a moment to read the 'minds' of AnCaps ~~~ "that's not capitalism, that's corporatism"

3 months ago | 67

ThatKoolAides Disease

Capitalism too far? Nah son, that's commie talk.

2 months ago | 29

Saltdine

Last time I was this early, the Soviet Union had the highest industrial output in the world.

3 months ago | 1,372

David AC

Interesting fact: Income inequality is now greater than it was during the guilded age. Also Anderson Cooper from CNN is a direct decendant of Valderbuilt..but yeah we are not an oligarchy, we are a democracy !

2 months ago | 62

chbrules

You act as though government is the angelic neutral party looking to keep a balance. They are anything but. The state is historically, and definitively, the realm of wealth owners. The 8 hour work day and 5 day work week wasn't because the government magically legislated it. Workplace accident rates didn't decline at an increasing rate after OSHA was put in place. Who do you think is writing the regulatory legislation? Big companies today know better. They create anti-competitive legislation that costs them slightly more, but artificially raises the barrier to entry in markets too high for many newcomers. Every time you think you've magically solved some problem with big businesses, you've only created more power for the state, who is owned by the big businesses. Do you see the fault with your logic? Monopolies cannot exist absent a state. Without the state, they can't cry fowl and ask for rent-seeking legislation in their favor in markets. Who do you think pushed for the Sherman Anti-Trust legislation in the US? It was the smaller, less efficient competitors to these big titans of industry. Surprise surprise, it's abused to this day. Remember in the 90s when Microsoft was lambasted for being anti-competitive because they included Internet Explorer with their OS as a free add-on? Who do you think actually complained about that? Consumers? Hell no. It was companies like Netscape who wanted to sell their competing (and failed) browser. Microsoft didn't pay a dime to lobby prior to this event. Guess what happened after? They pay millions annually to government to get favors. Good job promoting more crony capitalism (the real problem).

3 months ago | 53

AJ Kam1kaz3

A compressed version of the history channel's "the men who built America"?

3 months ago | 32

Muad Dib

Capitalism always goes too far. Hence regulations are needed, libertarianism doesn't work.

3 months ago | 64

MidN Music

"The gentle laborer shall no longer suffer under the greed of Mr. Krabs" -Squidward, communist revolutionary, 1917

3 months ago | 1,307

TheWolfboy180

There has been no age during which capitalism existed in which it has not gone too far.

3 months ago | 55

Captain Japan

"When Capitalism Went Too Far", oh, you mean everytime capitalism does anything?

2 months ago | 26

Chris Harmon

The Age is Now.

3 months ago | 46