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First, I'm completely in agreement on the Republican party. Both the main parties are a disaster, and their competition is stunted and ineffective. Part of th
by JasonFruit 7y ago
First, I'm completely in agreement on the Republican party. Both the main parties are a disaster, and their competition is stunted and ineffective. Part of that is because the two main parties are given all sorts of regulatory advantages by state and federal governments, and their competition is unfairly hobbled by the same. The favored parties' competitive abilities atrophy, and their competition cannot fully develop.
An analogous situation arises in business. When the government regulates quality and cost, it leaves businesses no natural path to profitability, so to allow them to survive, it must also interfere in competition, with subsidies, tariffs, and other measures, up to and including enforced monopoly. That keeps the natural economic processes that reward good quality and low price from operating --- the favored businesses cannot be displaced by their competition, and the effect of consumer dissatisfaction is blunted --- and provides the perverse incentives that create the problems you perceive in industry (and politics).