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> At least until a government steps in and regulates the ability to change flexibly out of the system. Just as often, the government is the only one who can ke

> At least until a government steps in and regulates the ability to change flexibly out of the system. Just as often, the government is the only one who can keep the flexibility and ensure free competition. E.g. https://en.wikipedia.org/wiki/Sherman_Antitrust_Act_of_1890 https://en.wikipedia.org/wiki/Sherman_Antitrust_Act_of_1890

roenxi 4y ago
The US economic policy in the 10s and 20s is a candidate for the cause of the crippling depression in the 30s. I note from the wiki article that once the 30s roll around they all but stopped having notable anti-trust cases. The US's industrial policy for the last 50 years has successfully pushed a lot of manufacturing out of the country to the point where the US is arguably being out-competed by communists. It isn't obvious that US government economic policy in living memory is succeeding in promoting a healthy market. The argument for why that is going to change and their intervention will help needs to be more clearly articulated.
- gizzlon 4y ago
  > The US economic policy in the 10s and 20s is a candidate for the cause of the crippling depression in the 30s Or too little regulation. Or too the wrong kind. Or something else. I'm not arguing for or against current US economic policy. This is the theory: Without any regulation, one or a few actors can grow large and stifle any competition and innovation. This theory seems to be proven by history. Some might say: "that wasn't a *real* free market". Just like some might say: "that wasn't *real* communism". These both need some strong arguments to back them, or they come off as No true Scotsman (https://en.wikipedia.org/wiki/No_true_Scotsman https://en.wikipedia.org/wiki/No_true_Scotsman)
- dghlsakjg 4y ago
  The US is the 2nd largest manufacturing economy in the world, and is much higher than China (no. 1) on a per capita basis. Also, Let's not pretend for a second that China is actually communist when it comes to manufacturing
- pixl97 4y ago
  > US is arguably being out-competed by communists. I mean if you mean communist by countries that give no shits about how they treat their population, where they dump pollution, and the absolute drive to monopolize commerce, then yea we can use your definition of communists. Of course, feel free to go live in those conditions if that sounds like a great work environment to be in.

roenxi 4y ago

The US economic policy in the 10s and 20s is a candidate for the cause of the crippling depression in the 30s. I note from the wiki article that once the 30s roll around they all but stopped having notable anti-trust cases. The US's industrial policy for the last 50 years has successfully pushed a lot of manufacturing out of the country to the point where the US is arguably being out-competed by communists. It isn't obvious that US government economic policy in living memory is succeeding in promoting a healthy market. The argument for why that is going to change and their intervention will help needs to be more clearly articulated.

gizzlon 4y ago
> The US economic policy in the 10s and 20s is a candidate for the cause of the crippling depression in the 30s Or too little regulation. Or too the wrong kind. Or something else. I'm not arguing for or against current US economic policy. This is the theory: Without any regulation, one or a few actors can grow large and stifle any competition and innovation. This theory seems to be proven by history. Some might say: "that wasn't a *real* free market". Just like some might say: "that wasn't *real* communism". These both need some strong arguments to back them, or they come off as No true Scotsman (https://en.wikipedia.org/wiki/No_true_Scotsman https://en.wikipedia.org/wiki/No_true_Scotsman)
dghlsakjg 4y ago
The US is the 2nd largest manufacturing economy in the world, and is much higher than China (no. 1) on a per capita basis. Also, Let's not pretend for a second that China is actually communist when it comes to manufacturing
pixl97 4y ago
> US is arguably being out-competed by communists. I mean if you mean communist by countries that give no shits about how they treat their population, where they dump pollution, and the absolute drive to monopolize commerce, then yea we can use your definition of communists. Of course, feel free to go live in those conditions if that sounds like a great work environment to be in.