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Of course institutions preserve the problem - that is the reason for their existence - so they are in a fight for survival to keep a systemic problem going. It
by verisimi 3y ago
Of course institutions preserve the problem - that is the reason for their existence - so they are in a fight for survival to keep a systemic problem going. It is even better for them if the institution has managed to enshrine its position in law, creating huge barriers to entry for any upstart that tries to come up with better solutions. Taxis, medicine, banking - there are so many examples.
If you ask me, a freer market is the answer - less intervention, allow simple economic forces to play out. But the inclination is to have more government meddling etc to fix the mess, which has the opposite effect that it was intended to have. This is such a common pattern however, one ought to be asking whether the "unintended effect" (of entrenching the problem) is in reality an "intended effect", with only lip service being paid to 'doing the right thing' to facilitate legal changes.
- analog31 3y agoAh, but a "freer market" is itself an artificial institution, subject to the same inescapable law.
- psychoslave 3y agoThe so called free market tends to engender monopolies or oligopolies that will do their best to destroy any concurrency though. Free market is the myth that can be thrown at plebeians to ashame them on their inability to compete with establishment, whatever the form it takes.