4 ms·

Then there's, you know, "capitalism in actual practice". Which is what the Dude above was referring to.

humanrebar 9y ago
As long as we don't confuse what we have right now (corrupt cronyism, corporatism, blatant vertical monopolies, blatant government-backed monopsonies, etc.) with an actual free market.
- kafkaesq 9y ago
  Yep, it's best not to confuse reality with pipe dreams, generally.
  - humanrebar 9y ago
    I'm not sure what way that sarcasm is cutting. I'll say the "design the problem away" impulse is partly what causes corporatism and monopolies. For example, regulatory capture in which the regulated industries more or less control the regulators. So I'll say the regulate-the-problem-away impulse is a pipe dream in the long run.
    - kafkaesq 9y ago
      So I'll say the regulate-the-problem-away impulse is a pipe dream in the long run. I'll call it "the lesser of nightmares". Being as we've seen where "just let property owners do whatever they want" has lead us to in the past.
      - Danihan 9y ago
        Where's that?
        kafkaesq 9y ago
        https://en.wikipedia.org/wiki/Johnstown_Flood https://en.wikipedia.org/wiki/Johnstown_Flood
        Danihan 9y ago
        And so now we have strict liability law. Considering that, I don't believe this case, really justifies your (apparent) paranoia against the free market.
        kafkaesq 9y ago
        It isn't paranoia when the entire history of the "free market" demonstrates that... (not all, but a far to high proportion of) these entities pretty much will screw over everyone and everything they can, in exchange an extra buck or too -- unless very rigorously constrained from doing otherwise. Or that is to say, "regulated".
        Danihan 9y ago
        THAT'S why there are so few issues in the heavily government controlled sectors of the economy, like health care, public education and drug policy. /s
        kafkaesq 9y ago
        There's plenty of issues, of course. Which again, is why I referred to it as the "lesser of nightmares".
    - jononor 9y ago
      However "look the other way" isn't a very viable strategy either, it can also easily end up with corporate abuse. So what to do?
- Bakary 9y ago
  Aren't those the natural consequences and evolutions of a truly free market?

As long as we don't confuse what we have right now (corrupt cronyism, corporatism, blatant vertical monopolies, blatant government-backed monopsonies, etc.) with an actual free market.

kafkaesq 9y ago
Yep, it's best not to confuse reality with pipe dreams, generally.
- humanrebar 9y ago
  I'm not sure what way that sarcasm is cutting. I'll say the "design the problem away" impulse is partly what causes corporatism and monopolies. For example, regulatory capture in which the regulated industries more or less control the regulators. So I'll say the regulate-the-problem-away impulse is a pipe dream in the long run.
  - kafkaesq 9y ago
    So I'll say the regulate-the-problem-away impulse is a pipe dream in the long run. I'll call it "the lesser of nightmares". Being as we've seen where "just let property owners do whatever they want" has lead us to in the past.
    - Danihan 9y ago
      Where's that?
      - kafkaesq 9y ago
        https://en.wikipedia.org/wiki/Johnstown_Flood https://en.wikipedia.org/wiki/Johnstown_Flood
        Danihan 9y ago
        And so now we have strict liability law. Considering that, I don't believe this case, really justifies your (apparent) paranoia against the free market.
        kafkaesq 9y ago
        It isn't paranoia when the entire history of the "free market" demonstrates that... (not all, but a far to high proportion of) these entities pretty much will screw over everyone and everything they can, in exchange an extra buck or too -- unless very rigorously constrained from doing otherwise. Or that is to say, "regulated".
        Danihan 9y ago
        THAT'S why there are so few issues in the heavily government controlled sectors of the economy, like health care, public education and drug policy. /s
        kafkaesq 9y ago
        There's plenty of issues, of course. Which again, is why I referred to it as the "lesser of nightmares".
  - jononor 9y ago
    However "look the other way" isn't a very viable strategy either, it can also easily end up with corporate abuse. So what to do?
Bakary 9y ago
Aren't those the natural consequences and evolutions of a truly free market?