[collingreen]

Homo economicus to the rescue! Every consumer has perfect knowledge, spending power, and access to effectively unlimited choice which is why when they want lower quality things it's a calculated, careful decision weighing all the options and the long term impacts on both themselves and the future of the industry.

Monopolies and pricing power clearly destroy this utopia but even without those I try to remember Pratchett's "boots theory" whenever I start to blame the consumer for "accepting" abuse from the capital in power of what gets made, when, and for whom.

[djoldman]

Hello fellow economics major :)

Yep, capitalism fails in a few ways in the long run. Monopolies, imperfect competition, etc., which is why regulation is required to optimize the system.

[pdimitar]

Regulation against ruling class will never happen. They hire the regulators, more or less, with a few nice and hopeful exceptions, but they're vanishingly rare.

I believe the science knows how to fix capitalism, and has known for decades. But nobody from the rules wants that.

[CRConrad]

> But nobody from the rules wants that.

YM "ruleRs", right?

[pdimitar]

I do. Admittedly I got tired of double-checking if my phone's keyboard will betray me.