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by rmk2
4540 days ago
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> I want them to live in a world where the very concept that one person or group of people enforces control over others is both alien and absurd, I'll bite. How exactly is your "freer version" of capitalism going to achieve this, where, by default, a group of stockholders, managers and producers will have tremendous influence on availability, pricing, selection and stock, whereas no safeguards exist against abuse of these powers? I know I've cited it here before, but this is essentially what the concept of the culture industry describes, were all your freedom is only possible within the pre-chosen, pre-selected limits of production, i.e. you get to choose "freely" between all of the things others allow you to choose between. |
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You are not beholden to company executives - you simply stop giving them your attention and money. Only in the case of monopoly and oligopoly can you be at the mercy of executives. Such problems are very real and the solutions much more difficult than those imposed by governments and moral crusaders, but they are necessarily worsened by the same. The reason we - at least in Europe - have a horrible banking industry is because the regulation around starting and running a bank is so complex it has the effect of restricting bank ownership to a very small subset of the population. The same is true for the insurance industries and many others. In the case of banking bail-outs mean that no matter how badly a bank is run, it will never go out of business (in Europe anyway). This is truly absurd, extremely damaging, and 100% the fault of people with moral agendas trying to force it upon the rest of us. You could own a bank, I'd love to consider you for my next account, but the incumbents won't allow that. I am beholden to shitty bankers because of the government.