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Perhaps we need to stop believing that government intervention can solve problems. The elites taking most of the benefits of increased productivity, to the exte
by pdonis 2y ago
Perhaps we need to stop believing that government intervention can solve problems. The elites taking most of the benefits of increased productivity, to the extent that it's happening, is happening because of government regulations, not in spite of them. Government regulations make it much harder for people to start new businesses that could out-compete the existing ones. Much of the reason that large corporations dominate so many industries is not economies of scale--they are actually less productive than multiple smaller businesses producing the same goods or services would be--but the fact that only large corporations can afford to absorb the costs of regulatory compliance.
- surgical_fire 2y agoSorry, I have a lot less faith in corporations, businesses and entrepreneurs than you do. Those entities only goal is generating ever increasing profits, all else be damned, no matter the harm they cause to society and employees.
- pdonis 2y ago> I have a lot less faith in corporations, businesses and entrepreneurs than you do. I didn't say I had lots of faith in those entities. I just have even less faith in governments. Given the respective historical track records, I think that's reasonable. > Those entities only goal is generating ever increasing profits, all else be damned, no matter the harm they cause to society and employees. Some corporations, businesses, and entrepreneurs are like this. But many are not. The problem is that the ones that are like that are the ones who benefit the most from government regulations. Also, your implication is that governments have better goals, like respecting people's rights--but those goals are an even worse description of what governments actually do, than your jaundiced description above is of what most corporations, businesses, and entrepreneurs actually do.