The entire capitalism system relies on the capitalists being honest. The problem is that most of them are not.
Exactly. The libertarian talking point that the market and private entities self-regulate because consumers "vote with their wallets" is nonsense. If people are misinformed or not informed at all, then people don't have any choice at all in what is supposedly a free market! As I mentioned in another comment, we know many companies do not disclose what they put into their food products, and this is in spite of regulations also still existing! The Tesco supermarket chain in UK turned out their beef meat has horse meat and none were the wiser until it's too late!
One agitprop I always bring up is that "capitalism is built on informed consent" to make people realize that the system is broken, because even the most ardent supporter of the system realizes that there's very little informed and VERY little consent in what the system has become.
I mean, I'm not arguing for private companies, but our government is quite spectacularly inefficient at anything except generating prime ministers! Mind you, they may be trying to be worse than the private sector so they cna claim the private sector is more efficient than the government, I guess...
Which government?
You should see the companies in charge of the mexican government.
Typically this is something I hear more commonly within businesses.
Unsurprisingly the business thinks business is the most efficient way to run anything.
I work for my local government and everybody means well but are hampered by a lack of funding. I complete a statutory required role, that is one of the two key performance indicators and it needs 2 people full time and I'm the only person on it.
It sort of depends on what the company is doing.
Honestly I was expecting more dogshit takes in the comments. Anyway everyone should read Elizabeth Anderson’s book “Private Government”
