4 ms·

Many people are confused. A free market needs regulation to maintain competition. Companies dislike competition because it lowers profits, and will do what the

• deleted 2y ago
  [deleted]
• Sohcahtoa82 2y ago
  I think really there are two types of "free market" supporters. The first is what you're arguing, a version that includes "free of monopolies" in the definition. A market full of competition. A market that has no choice but to serve their customers to the best they can because otherwise a competitor will take their customers. The second are the anarcho-capitalists. They have the naive belief that corporations that do bad things will be punished by the market, making regulations unnecessary and stifling. To them, if one business is winning due to deceit, then the blame lies in the customer for being deceived. They think the decision that leads to the most profit is the best, side-effects be damned. They're insufferable and would gladly destroy the planet for an extra 5% profit on their quarterly reports.
  • cmurf 2y ago
    Anarcho-capitalists are kooks. They're so emotionally attached to capitalism as an ideology, any criticisms or suggestions of its imperfection results in cognitive dissonance. They cannot have coherent conversations outside of a cult like hero worship of personalities like Ayn Rand (who cashed her Social Security checks anyway) and Joseph Gamabos, who weren't even the true believers the anarcho-capitalist cult today have become. Naive is a very charitable term for them. I'd say it's stupidity. In the Dietrich Bonhöffer way of thinking. Stupidity in large numbers (perhaps tribalism), is a greater danger to good than evil.