Earlier quoted context omitted.
> I bet if something like that happened, it'd quickly soar to $0.2 an episode in the next year, then slowly creep up more and more Yeah probably, until they find the point where more people leave because it's too expensive than they'll earn by raising prices, then they'll oscillate or find a new direction. Isn't that how capitalism is supposed to work?
Capitalism is supposed to have perfectly competitive goods to be efficient. IP protection - especially the obscene century-long protection of copyrights - renders capitalist competition into monopolistic competition, which no longer maximises consumer surpluses. Hence mandatory licencing can increase benefits for society - and in the past such models worked - e.g. for radio. Today, the only reason content conglomerat…
China does have _some_ capitalism, state capitalism but still, capital owners decide what is produced, with state supervision (nuclear, coal, rail sector, Alibaba). Already for its telco sector we knew it was different, it wasn't like the usual, a sort of capitalist liberalism with state planning. Now we have more data, and i'm not the only one to think its EV boom is the perfect example of a non-capitalist liberalism.