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1. BobbyJ+(OP)[view] [source] 2024-09-27 13:07:25
I am pointing out that, the moment betting and marijuana got the "you can profit from this" nod, money poured in and profit seeking explodes. Build! Advertise! Build! Advertise! This is the American way. Capital circles potential profits like vultures waiting for regulation to die.

I don't think many other countries' private markets act as extreme in this regard.

>All of which are commercialization

I feel like those are just cultural norms as opposed to commercialization pressure.

> Further, a maximalism interpretation can't be used to understand American culture pre-1974, when the Equal Credit Opportunity Act prohibited banks from preventing women from getting a bank account, nor pre-1964, when the Civil Rights Act prohibited most businesses from preventing blacks from exercising the same commercial maximalism as whites.

I am failing to draw a line from your point to your argument here. I was referring to commercial maximalism, not sexual and racial equality maximalism.

replies(1): >>eesmit+T3
2. eesmit+T3[view] [source] 2024-09-27 13:29:53
>>BobbyJ+(OP)
> I don't think many other countries' private markets act as extreme in this regard.

How well do you know about what happens in other countries? To me it sounds like everywhere, once limitations to the flow of global capital are dropped.

> I feel like those are just cultural norms

My observation is that commercialization pressure is subordinate to cultural norms. The capital vultures did not swoop in to provide full services to women and blacks until the laws changed, even though providing those services was legal.

Commercialization can shape those norms, certainly, but that is not specifically American either.

replies(1): >>BobbyJ+AK
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3. BobbyJ+AK[view] [source] [discussion] 2024-09-27 16:54:46
>>eesmit+T3
> How well do you know about what happens in other countries?

Pretty well.

> To me it sounds like everywhere, once limitations to the flow of global capital are dropped.

Its a matter of degree, hence "maximalism". Just look at investment capital stats. There is a pretty objective way to confirm that money moves faster and in greater volume into new private industries in the U.S. The only foreign investment arms that come close are multinational conglomerates or authoritarian governments.

> The capital vultures did not swoop in to provide full services to women and blacks until the laws changed, even though providing those services was legal.

...how much profit do you think there was to be made off of people who were previously blocked from capital accumulation?

replies(1): >>eesmit+vg1
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4. eesmit+vg1[view] [source] [discussion] 2024-09-27 19:49:43
>>BobbyJ+AK
> Just look at investment capital stats

Is it fair to say that's part of American culture then? Very few people are involved in making new private industries, and the regulatory systems don't seem well aligned with the general culture.

> how much profit

How much profit would have been lost if a company was public about supporting blacks and upsetting the white supremacist culture of the time?

That's why I say you can't really disentangle culture and regulation.

replies(1): >>BobbyJ+4v1
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5. BobbyJ+4v1[view] [source] [discussion] 2024-09-27 21:32:17
>>eesmit+vg1
> Is it fair to say that's part of American culture then?

I think so.

> How much profit would have been lost if a company was public about supporting blacks and upsetting the white supremacist culture of the time?

In the 1970s? No idea. I didn't have a well formed brain until the 2000s.

> That's why I say you can't really disentangle culture and regulation.

Definitely. One depends on the other, and our commercial maximalist culture is reflected in our laws.

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