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i agree intervening in the economy can have totally unforeseen effects... but if you think about it, we are already interfering in the economy by just having a
by andrekandre 7y ago
i agree intervening in the economy can have totally unforeseen effects... but if you think about it, we are already interfering in the economy by just having a set of rules (for example, you have to pay your creditors, have to make a profit or you go out of business, have to pay your employees etc)
the thing is, and again this is just my opinion of course, but when everything is based on capital and money, and that’s all that is used to enforce adherence to a system of economy, then only those with access to capital can affect change in the system...
the idea of regulation, at least in theory is that it’s a democratic set of controls on capital that a population feel s is important enough to push for (such as labor standards, or safety standards) and i find it hard to believe (as we can see from our own history) that those wielding great power will just do the right thing because the market pulls them there; people at the bottom with little collective share will have little collective power to affect them through market signals
i think at least we can agree that alot of today’s regulations are by corporations to protect thier positions and do no good, and that even well intentioned but not well thought out interventions can wreak havoc, but i guess we differ on what to do about it (i would prefer to have more democracy (e.g get corporate money out, outlaw lobbying etc) instead of just market based solutions)