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by webmobdev
2018 days ago
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> we shouldn't be giving this much power to institutions. In a democracy, the government derives power from us, the people. In a good and functioning democracy there exists other democratic institutions to ensure that the government cannot abuse the powers granted to them. "Vote with your wallet" is a disingenuous argument were all the corporates work together like a cartel towards a particular business model that maximises profit for them to the detriment of us consumers. Regulations that bind all business to certain rules and standard also benefit the businesses as it creates a level playing field for them too. (But obviously large corporates at the top don't want a level playing field). |
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This is kinda recursive - a "good and functioning" democracy is the one in which such institutions exist, so one where they don't is not a "good" one - but they are no less real for that. Worse yet, a "good" one can turn into other kinds - and the more centralized its governance, the more powerful it is, the faster that can happen.