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Also without government intervention, there is competition between firms in the market. If firms wish to stay innovative (and in business), they must compete fo
by clarkmoody 11y ago
Also without government intervention, there is competition between firms in the market. If firms wish to stay innovative (and in business), they must compete for high-quality labor. They must provide a safe product to consumers, or they will lose reputation in the market. Without government barriers to entry (regulation), when firms act in non-competitive ways or fail to innovate, competitors arise to keep them honest or put them out of business.
How did the countries with lots of government get where they are ("objectively much better places" according to you)? Did the USA always have a government that took such a massive percentage of total output? Only by extracting the wealth of capitalism can the socialist/progressive agenda even exist. We have so much prosperity in market economies that we can contemplate things like basic income.