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by rqtwteye 902 days ago
There needs to be a focus on competitive markets instead of free markets. Competition is mostly good for customers but competition needs to be created by regulating the market to some degree. Otherwise markets will almost always be taken over slowly by the biggest players that don’t like competition.
1 comments

It’ll never happen in the US. Neither political party with power will break away from the corporate interests that determine what laws and regulations will pass.

The last candidate who ran on small donors and wore a proud badge of being anti-corporate interests lost twice. Politicians are figuring out how much money can be made by both acquiring legislative influence and power and accepting donations to steer their platforms, as well as passing legislation and policy that helps siphon public funds into private companies that said politicians have a financial stake in.

Changing private equity power requires benevolence, and there’s very little of that left amongst those with political power in the US.