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Joined 10 months ago
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Cake day: March 3rd, 2024

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  • Unfortunately, large parts of our economy are blocked off from competition by laws and regulations. This allows monopolistic corporations to charge exorbitant prices.

    No, no, no, no. No. This is libertarian bullshit. Laws and regulations ideally force a fair playing field, and ensure consumer safety. Take away regulation, and “whoever is most unethical” scoops up mad profits until and if consumers catch on to the scam.

    But even regulation can’t make a fair playing field when the market is dominated by megacorporations who have the economic power to prevent any new competition from challenging them, unless that new competition already has huge economic power itself.

    The problem isn’t the lack of competition. The problem is capitalism.