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> typical undertone on HN of "regulation is bad by definition" This is pure ancap, "Austrian school" ideology. They define regulation as bad by definition, bec
by coliveira 9y ago
> typical undertone on HN of "regulation is bad by definition"
This is pure ancap, "Austrian school" ideology. They define regulation as bad by definition, because supposedly it goes against "freedom". This works as a clutch so that if you say anything bad against capitalism they will retort "it is regulation", even thought nobody ever saw (and never will see) an economic system without laws and regulations.
- marcosdumay 9y agoWell, you can't just blame capitalism for problems happening with government granted monopolies. You must at a minimum get some evidence that it isn't the monopoly causing the problem. And because modern economies are to a large part composed of government granted monopolies, with almost all problems being in that part¹, nearly all "capitalism is bad" commentary is simply bullshit. 1 - Both governments tend to grant monopolies on problematic areas, and anything that a government grant a monopoly on becomes problematic. So, it can hardly be different.
- coliveira 9y agoThe BS of this argument is to believe the governments would grant monopolies to random people for no reason. The reason there are monopolies is that capitalists have paid for this privilege, therefore they arise as a result of capital trying to starve competition, as it normally does by several means. The government in this case is simply another tool used by capitalists to keep their privileged position in the markets, not the "source of all evil" as ancaps want naive people to believe. Capitalism and monopolies are just facets of the same thing.