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Capitalism: Question Regarding the Flawed yet Perfect System
Posted on 11/21/19 at 11:04 am
Posted on 11/21/19 at 11:04 am
Paradoxical name, but context is important.
I acknowledge that Capitalism is the best system we have in order to balance out different job interests, motivate people to perform well, and keep the economy in some form of balance.
However the system has a tendency to make companies lazy and slothful while also not fulfilling the needs of the consumer.
Case 1: Video game developers have a tendency to release unfinished/buggy games to an global market. Then will then proceed to patch updates monthly to fix the game while still charging consumers full price as though it were a final product.
This is not even focusing on bad DLC practices, where part of the game is cut during development to sell at a later point to maximize profit.
Comparison-Imagine buying Microsoft word for a new computer at full price. Then download it to find that you only have access to half the software features. The other features will be progressively added over 6 months.
Case 2: You have a Book series that is very popular with consumers. It is intended as a 7 book series, and the first 5 books sell well. Then you get more fame from TV adaptations and Movie deals. So instead of finishing the 7 book series you promised your consumer base, you work on multiple other projects. Technically this gains you wealth, but it isnt necessarily for the best interests of your consumers.
Case 3: Hollywood creates movies that target specific audiences for profit. This is good at first, until they crossover political ideology in franchises that are well established. Instead of creating new works of art to attract consumers, they take the lazy route and use established brands. How does this motivate the best ideas?
Then they push their agendas into films that the target audience doesnt want. This causes fans to abandon the property. Capitalism teaches us that this practice will eventually lead to a financial loss, yet they do it anyway?
My point is that market exploitation exists. The idea that companies are always striving to create the best products to get capital from consumers is not true. They cut corners, in some cases very frequently.
Now, admittedly consumer discipline is a major problem as well. If more people voted with their wallets these problems could be averted or discouraged.
Now what do you have to say about this?
I acknowledge that Capitalism is the best system we have in order to balance out different job interests, motivate people to perform well, and keep the economy in some form of balance.
However the system has a tendency to make companies lazy and slothful while also not fulfilling the needs of the consumer.
Case 1: Video game developers have a tendency to release unfinished/buggy games to an global market. Then will then proceed to patch updates monthly to fix the game while still charging consumers full price as though it were a final product.
This is not even focusing on bad DLC practices, where part of the game is cut during development to sell at a later point to maximize profit.
Comparison-Imagine buying Microsoft word for a new computer at full price. Then download it to find that you only have access to half the software features. The other features will be progressively added over 6 months.
Case 2: You have a Book series that is very popular with consumers. It is intended as a 7 book series, and the first 5 books sell well. Then you get more fame from TV adaptations and Movie deals. So instead of finishing the 7 book series you promised your consumer base, you work on multiple other projects. Technically this gains you wealth, but it isnt necessarily for the best interests of your consumers.
Case 3: Hollywood creates movies that target specific audiences for profit. This is good at first, until they crossover political ideology in franchises that are well established. Instead of creating new works of art to attract consumers, they take the lazy route and use established brands. How does this motivate the best ideas?
Then they push their agendas into films that the target audience doesnt want. This causes fans to abandon the property. Capitalism teaches us that this practice will eventually lead to a financial loss, yet they do it anyway?
My point is that market exploitation exists. The idea that companies are always striving to create the best products to get capital from consumers is not true. They cut corners, in some cases very frequently.
Now, admittedly consumer discipline is a major problem as well. If more people voted with their wallets these problems could be averted or discouraged.
Now what do you have to say about this?
This post was edited on 11/21/19 at 11:06 am
29
Posted on 11/21/19 at 11:06 am to volod
Posted on 11/21/19 at 11:06 am to volod
quote:
Question Regarding the Flawed yet Perfect System
Literally no one says this about capitalism
Posted on 11/21/19 at 11:11 am to volod
If it's flawed, it's not perfect. So maybe re-work your theory and come back to us with a clearer question.
Posted on 11/21/19 at 11:14 am to volod
Capitalism is probably one of the worst and cruel economic systems ever devised, but it kicks the arse out of the next best system.
Posted on 11/21/19 at 11:16 am to volod
Stopped at "video game"
Posted on 11/21/19 at 11:16 am to volod
quote:
Case 1: Video game
If the game isn't good enough to demand the players then there won't be anyone spending on microtransactions. Players move on to another game. Capitalism wins.
quote:this is a terrible example and has literally nothing to do with capitalism. Please tell me how another system can force someone to create good art...
Case 2
quote:again, how does any other system force someone to create good art...
Case 3:
These are terrible examples.
Posted on 11/21/19 at 11:17 am to The Spleen
quote:
If it's flawed, it's not perfect. So maybe re-work your theory and come back to us with a clearer question.
It's perfect in that it's the only system that can balance an economy (my first pargraph).
Flaws are listed in all 3 cases mentioned afterward.
Capitalism DOES reward work ethic. But it also rewards pandering to the lowest common denominator and can actually exacerbate negative aspects in society.
Posted on 11/21/19 at 11:17 am to volod
That’s not a paradox. It’s an outright contradiction.
Posted on 11/21/19 at 11:18 am to volod
Take this garbage to the Nobody Cares Board
Posted on 11/21/19 at 11:20 am to volod
You have got to be one of the strangest motherfrickers on this whole website.
Posted on 11/21/19 at 11:22 am to volod
They're busting your balls over using "perfect" instead of the best system we have.
But as long as the consumer shovels money at these practices it'll continue to happen. Honestly these days you just need a really strong hook and make the product good a few times then you have a name.
So like your examples.
1. Video Games such as Call of Duty, Madden, etc. had a really strong product for a few years. So consumers just flock to them because of past success. You can't punish the company for the consumers being idiots.
2. Game of Thrones- People were so enthralled with the grittiness and political intrigue of Martin's first few books hollywood saw this as a chance to make money even though the arc hasn't been completed. Once again if you make a strong enough hook with some juicy meat on it you can suck consumers in. Yeah they'll bitch about the after taste (ending) but you've already made your money.
3. Star Wars had the most intriguing and successful space fantasy movie series at a time when people didn't think you could do that stuff in movies well. It made so much money from merchandising that it instilled a strong nostalgia in people who showed their kids these movies and loved them. Disney has a franchise that no matter what they put out it will make money because consumers don't want to possibly miss out on a phenomenon like the originals.
TLDR- You make a strong enough product the first few times consumers will still spend money on your crappy products because you made yourself a name from the strength of your first few products.
But as long as the consumer shovels money at these practices it'll continue to happen. Honestly these days you just need a really strong hook and make the product good a few times then you have a name.
So like your examples.
1. Video Games such as Call of Duty, Madden, etc. had a really strong product for a few years. So consumers just flock to them because of past success. You can't punish the company for the consumers being idiots.
2. Game of Thrones- People were so enthralled with the grittiness and political intrigue of Martin's first few books hollywood saw this as a chance to make money even though the arc hasn't been completed. Once again if you make a strong enough hook with some juicy meat on it you can suck consumers in. Yeah they'll bitch about the after taste (ending) but you've already made your money.
3. Star Wars had the most intriguing and successful space fantasy movie series at a time when people didn't think you could do that stuff in movies well. It made so much money from merchandising that it instilled a strong nostalgia in people who showed their kids these movies and loved them. Disney has a franchise that no matter what they put out it will make money because consumers don't want to possibly miss out on a phenomenon like the originals.
TLDR- You make a strong enough product the first few times consumers will still spend money on your crappy products because you made yourself a name from the strength of your first few products.
This post was edited on 11/21/19 at 11:26 am
Posted on 11/21/19 at 11:24 am to volod
Capitalism is a lot of like natural selection. Sometimes it’s not the “fittest” product that survives but the one that can reproduce the most successfully. In this context it’s what will sell. Can one criticize that aspect sure, but like natural selection the process simply works and moves in a direction where it can be sustained. The same cannot be said for communism, socialism, fascism etc.
Posted on 11/21/19 at 11:27 am to volod
quote:
Case 2: You have a Book series that is very popular with consumers. It is intended as a 7 book series, and the first 5 books sell well. Then you get more fame from TV adaptations and Movie deals. So instead of finishing the 7 book series you promised your consumer base, you work on multiple other projects. Technically this gains you wealth, but it isnt necessarily for the best interests of your consumers.
I'm guessing you weren't a big fan of The Half-Blood Prince and The Deathly Hallows.
Posted on 11/21/19 at 11:32 am to UGATiger26
quote:
I'm guessing you weren't a big fan of The Half-Blood Prince and The Deathly Hallows.
Pretty sure he is talking about A Song of Ice and Fire. Harry Potter is a series that was done mostly the right way. She didn't bail on it and stood firm at least for now that there would be 7 and ended at 7. Yes she has explored the world she built but she didn't try to drain every drop of money by writing books based on the character Harry Potter. She's expanding the universe not relying on the same character. I think exploiting success for 40 books and movies is worse.
Posted on 11/21/19 at 11:34 am to volod
quote:
Video game developers have a tendency to release unfinished/buggy games to an global market. Then will then proceed to patch updates monthly to fix the game while still charging consumers full price as though it were a final product.
quote:
Now what do you have to say about this?
if that bothered me so much I wouldn't buy the product to begin with, or wait until the bugs are out.
Posted on 11/21/19 at 12:09 pm to volod
quote:
The idea that companies are always striving to create the best products to get capital from consumers is not true.
You’re doing it wrong or you’re buying into a misleading narrative that people like to say about capitalism.
Companies are trying to get the best product with the most acceptable trade-offs that consumers will buy at the highest short term or long term profit margins.
Posted on 11/21/19 at 12:12 pm to volod
Capitalism is the worst economic system in history, except for all the others that have been tried.
Posted on 11/21/19 at 12:21 pm to volod
The flaws in Capitalism, at least as it is currently practiced, lie in the ability of the government to pick winners and losers through taxation and regulations. Larger companies can get lawmakers in their pockets to push laws and regulations that favor them and create barriers to entry and stifle competition. It’s crony-capitalism and is rampant because the government is too big and has its hand in everything.
Or maybe it the video game thing.
Or maybe it the video game thing.
Posted on 11/21/19 at 12:28 pm to volod
quote:
However the system has a tendency to make companies lazy and slothful while also not fulfilling the needs of the consumer.
Sounds like an opportunity for a new, better, non-lazy company slide in and fulfill the customers’ needs
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