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Financial responsibility
(lemmy.world)
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this post was submitted on 01 Aug 2024
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The problem with free markets is they are incredibly unstable and create booms and busts and people don't like this so we get the worst of all worlds which is unfettered capitalism and no competition or failure weeding out poorly managed companies. Maybe free markets are just a shitty ideal?
Yes. The answer to that question is yes. Free market capitalism encourages cutthroat competition in which the only factor in any decision-making process is maximizing profits. Safety isn't a factor. Employee well-being isn't a factor. National security isn't a factor. The economy at large isn't a factor. Long term investments aren't even a factor. Line go up this quarter equals good quarter. Regulations ensure mandatory minimums for societal prosperity.
Until corporations realise they can cheat and change the game by bribing politicians to tip the scales in their favour.
Business exists only for one thing; exploiting systems, even if that means meta-exploitation, since that's the highest form of exploitation, and the inevitable endgame.
free markets are a shitty idea, but ive never seen one in real life before.
I think America would actually benefit from switching to a free market economy, instead of our current bullshit where our politicans are too spineless to tell companies like Boeing "sucks to suck" when they ask for yet another handout instead of doing any real work