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You're incorrect. The simple fact is, unrestrained capitalism is ugly. A company that has become wildly successful will equally hold a lot of financial power.
by lwhi 4y ago
You're incorrect.
The simple fact is, unrestrained capitalism is ugly.
A company that has become wildly successful will equally hold a lot of financial power. The same company is often likely to engage in lobbying .. exchanging that fiscal power for actual political power.
Without regulations we end up living in world driven by the singular need to make more and more money.
These corporations are not able to factor the good of human kind into their plan because that's got nothing to do with their very reason for existence.
Regulation is the only way we can address this.
- nickpp 4y ago> A company that has become wildly successful will equally hold a lot of financial power. The most successful and influential companies of today did not even exist 50 years ago. > the good of human kind Please define “the good of human kind”. Be specific. Soviets did most of their crimes “for the betterment of all mankind”. It’s a wonderful cover.
- lwhi 4y agoYour first statement makes no difference to what I'm saying. I've been clear enough in my initial comment. The fact you're asking this second question makes me feel you understand I have a point.