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I'm shocked, shocked, to discover that in the land of the "free market" the market optimizes for corporate profit not low prices. This is not news. In the US p
by bruce511 2y ago
I'm shocked, shocked, to discover that in the land of the "free market" the market optimizes for corporate profit not low prices.
This is not news. In the US people vote for politicians who promise low regulation, business friendly and "economy" priorities. Those politicians run with corporate money and favor corporations.
Other places (like the EU) have people who vote differently and have more appetite for reigning in the "free market" while serving consumers as the priority.
It's not impossible for people to change, just unlikely. We tend to assume the pond we live in has the best water.
- AnthonyMouse 2y ago> In the US people vote for politicians who promise low regulation, business friendly and "economy" priorities. People vote for those politicians because that's what they want. But is the problem with what they want, or what they get? Regulatory capture that puts up barriers to anyone trying to compete with the incumbents is neither "low regulation" nor what people want, but it's the status quo in the US.
- dangus 2y agoIt’s lower friction and more palatable to influence what people believe they want than it is to refuse to give them what they want.