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Part of the reason seems to be that a significant chunk of them have apparently forgotten that antitrust laws and enforcement are hard requirements for capitali
by dns_snek 3y ago
Part of the reason seems to be that a significant chunk of them have apparently forgotten that antitrust laws and enforcement are hard requirements for capitalism to actually work and deliver on any of its touted benefits.
Unregulated free market capitalism that so many people seem to root for (knowingly or unknowingly) is just a degenerate version of the system that invariably results in cartels, price-fixing, rent seeking, thought policing, human exploitation and suffering, which is really just a different version of the "communist" boogeyman that they fear for the same reasons.
- nickpp 3y agoIs that why in the free market capitalism the shelves were overflowing were people are spoiled for choice while in communist countries people were starving and being killed while trying to leave?
- RandomLensman 3y agoWhere in the world is it anywhere close to "free market capitalism" at scale? Most economies have a vast number of regulations on markets, products, capital, labor, ... Heck, limited liability corporations can only exist because laws make them possible.