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> capitalist would argue that markets are you best shot at doing this. That's predicated on anti-monopoly laws and other kinds of fairness requirements that ar
by crabbone 3y ago
> capitalist would argue that markets are you best shot at doing this.
That's predicated on anti-monopoly laws and other kinds of fairness requirements that are imposed on the market from the outside.
Markets, or capitalism, if you want, work best when there are some things in infinite supply (eg. consumers), when marketing is honest... whoops! And so on.
Regulations is what's preventing (free-market) capitalism from imploding. But, of course, it's hard to make good rules, and especially durable rules (because people learn to game the system).
- aleph_minus_one 3y ago> when marketing is honest... whoops! Laws against fraud are there. They just have to be enforced.
- Paul-Craft 3y agoThey need to have actual teeth, as well. Otherwise, you get things like Facebook just shrugging off a $5 billion fine and then going on to do more of the exact same things that lead to the fine. https://www.scmagazine.com/news/ftc-facebook-broke-terms-5b-data-privacy-settlement https://www.scmagazine.com/news/ftc-facebook-broke-terms-5b-...
- crabbone 3y agoWell, that's my point: you need regulations!