There is an ideal within capitalism in that regulators keep competition between firms up, and stops monopolistic practices. Under such a system, companies and consumers interests are wholly aligned and this benefits the lower-to-upper middleclasses very well, with some fringe benefits for the working class too.
It is this stasis snapshot of the market that people refer to when they say capitalism can work. I’m not wholly against it, I just sort of feel that regulatory capture is hard to fight against and that any stable capitalistic system will devolve into a monopoly/cartel if given enough time.
I just sort of feel that regulatory capture is hard to fight against and that any stable capitalistic system will devolve into a monopoly/cartel if given enough time.
This only really happens when you have a majority of the voting base not engaged in their local, state and federal politics or a voting base that has been brainwashed by one sided media.
Capitalism = free market. Unfortunately. The current system works perfectly. It is not sustainable and the rich get corrupted more and more, but that’s capitalism for ya.
Fair? What’s that? That doesn’t exist in nature or in greedy man. Fair is a societal construct. Paper beats rock, money beats fair.
That’s only true in a limited sense in any existing capitalist system. If your definition of “free market” is a competitive market with no artificial barriers to entry, that is impossible without state regulation-- otherwise oligopolies emerge followed by regulatory capture. If your definition of “free market” is an unregulated market, it will almost immediately stop being competitive and will be captured by the big players who will manipulate it in their own interests. So there you go, two definitions of “free market,” and existing capitalist systems are neither.
Both definitions of free market (because regulations are never watertight), and the current system, result in the same current oligopily. So okay, maybe you can argue the semantics, the point remains: shouting for ‘free market’ does not solve the inherent, systemic issue of our current situation.
We also need a free and fair market where capitalism actually works
Capitalism works perfectly well, we just don’t like it
Capitalism needs another system that it has to compete against, or else it starts eating itself
There is an ideal within capitalism in that regulators keep competition between firms up, and stops monopolistic practices. Under such a system, companies and consumers interests are wholly aligned and this benefits the lower-to-upper middleclasses very well, with some fringe benefits for the working class too.
It is this stasis snapshot of the market that people refer to when they say capitalism can work. I’m not wholly against it, I just sort of feel that regulatory capture is hard to fight against and that any stable capitalistic system will devolve into a monopoly/cartel if given enough time.
This only really happens when you have a majority of the voting base not engaged in their local, state and federal politics or a voting base that has been brainwashed by one sided media.
I, uh, tend to feel that that is an inevitability of sorts too
Capitalism = free market. Unfortunately. The current system works perfectly. It is not sustainable and the rich get corrupted more and more, but that’s capitalism for ya.
Fair? What’s that? That doesn’t exist in nature or in greedy man. Fair is a societal construct. Paper beats rock, money beats fair.
That’s only true in a limited sense in any existing capitalist system. If your definition of “free market” is a competitive market with no artificial barriers to entry, that is impossible without state regulation-- otherwise oligopolies emerge followed by regulatory capture. If your definition of “free market” is an unregulated market, it will almost immediately stop being competitive and will be captured by the big players who will manipulate it in their own interests. So there you go, two definitions of “free market,” and existing capitalist systems are neither.
Both definitions of free market (because regulations are never watertight), and the current system, result in the same current oligopily. So okay, maybe you can argue the semantics, the point remains: shouting for ‘free market’ does not solve the inherent, systemic issue of our current situation.
How is the US neither of those? I don’t get it
lol
This is a fantasy