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The invisible hand smooths out the ripples for us Yes, that's all well and good, when we have a functioning Democracy, one that will regulate just enough to ke
by e40 8y ago
The invisible hand smooths out the ripples for us
Yes, that's all well and good, when we have a functioning Democracy, one that will regulate just enough to keep the playing field level, instead of regulating for large corporations to give them an advantage. Look at Comcast, AT&T and others like them. Regulation allows them to reap huge profits for subpar service, that their customers agree is not what they want, but we don't have any choice.
For the last 40+ years, the true aim of Republicans in Congress and the Executive has been to insure that Corporations have more rights than The People. All this culture war bullshit is a diversion (and we've been playing along so nicely devouring each other while the world shifts under our feet). Democracy has been taken over by corporatists.
The question is, will The People recognize this before it's too late to reverse (by Democratic means)?
- beat 8y agoDon't read my post as some libertarian competition-cures-cancer nonsense. I'm just pointing that we can create an opportunity for a lower-cost and more effective model, in this particular case. Regulation isn't what helps large companies reap high profits. Monopoly and friction does. Read your Peter Thiel! In a truly free market, competition drives profit margins to zero. That's just basic economics, taken to its logical conclusion, as opposed to the illogical conclusion of politicians and economists who put aesthetics over mathematics.
- erpellan 8y agoCorporations are not Persons. Money is not Speech. Fix those (which also implies taking the money out of politics) and the rest will follow.
- workinthehead 8y agoCorporations being "persons" is merely a legal fiction that enables them to sue and be sued. I hardly see how this causes the problems you claim nor agree that this needs "fixing". Corollary, money is and has always been a proxy for political power, in addition to being the raison d'etre of the corporation. Would love to hear your plans for weaning our economy off of money. It's also ludicrous to suggest that "taking the money out of politics" (as if that was something that could be done) would just fix everything.