Hacker News new | ask | show | jobs
by clienthunter 4539 days ago
Freer capitalism will maximise choice relative to alternatives. You are correct in saying it will not provide complete choice, for example I don't expect there will ever be a day - even if I had all the money in the world - where I could pay every last person on the planet to chant my name at once. Some things despite being physically possible will always be unattainable. Capitalism maximises the set of choices.

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.