3 ms·

And we'd be up individually against huge conglomerates full of lawyers and psychologists trying to trick us. Without some sort of organization with comparable p

• rglullis 10y ago
  > huge conglomerates full of lawyers(...) I think it is easy to challenge this notion that Corporatism is something that comes to existence due to the absence of regulation bodies and government intervention. If you have solid institutions and a simple code of laws that allows well-intentioned people to work for their self-interest and of their society, we wouldn't have the amount of regulatory capture that we see nowadays. > some sort of organization with comparable power on the consumer's side. When Adam Smith was talking about "the invisible hand", it is precisely this kind of organization that is being talked about. All the people need, as a whole, to have "comparable power" is the freedom to choose and access to information.