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Capitalism doesn't exist without government regulation. Who's going to enforce the contracts? Who's going to break up the giant entrenched companies rent-squeez
by mullingitover 1mo ago
Capitalism doesn't exist without government regulation. Who's going to enforce the contracts? Who's going to break up the giant entrenched companies rent-squeezing every cent out of their natural monopolies, and then using their illicit gains to crush any would-be competitors as they ooze into other markets?
Literally everything listed for 'government regulation will lead to' can and has happened in unchecked capitalism. Insider connections rule everything right now in this current regime of chest-beating 'capitalists.'
Capitalism and socialism aren't real things outside of freshman year econ textbooks.
- throwaway85825 1mo agoCurrent government already doesn't enforce contracts. Ex, prime video ads. Further there's no point in having contract terms if they can be changed unilaterally at any time.
- mullingitover 1mo agoContracts are worth exactly as much as you're lawyered up and willing to get them enforced. There is absolutely still a functioning courts system to enforce contracts. The one notable exception is if you're a group of workers and you negotiate a contract with your employer: the state can and will interfere to void it if it prevents the workers from being properly exploited.