alt Hacker NewsYou present a very long list of evidence that proves the current status of the market is not competitive, and illuminates the power imbalance. We probably agree that this is not a self-correcting state.
AFAICT, the difference in perspective is what to do first, with some of us recommending more unionization, and your take being to fix the competitive landscape. IMO, unionization is in the hands of the workers, and is easier to accomplish compared to addressing competition when - as you noted - there's regulatory capture. While it probably offends your sensibilities, the how of unionizing is self-explanatory; it's not at all clear to me how we would go about making all the industries competitive again. It's a worthy goal, but for now, it seems to be a solution for a world with spherical cows and no force of friction.
> IMO, unionization is in the hands of the workers, and is easier to accomplish compared to addressing competition when - as you noted - there's regulatory capture.
If you form a union and then the company goes bankrupt, or lets you go on strike forever and hires replacements or offshores the work, that hasn't helped you.
If you form a union and the employer is a monopolist, now that company gets even less efficient, and meanwhile now the union prefers rather than opposes the company remaining a monopolist, which makes it even harder to fix the actual problem.
> it's not at all clear to me how we would go about making all the industries competitive again.
The government solution is to enforce antitrust laws and remove the ones impairing competition. You can do this at multiple levels. If the federal government sucks right now, individual states have their own antitrust laws and many of the regulatory capture rules are state laws to begin with.
The market solution is get all these people you were going to unionize and instead have them pool their resources or raise capital to start a competing company. They already know how to do it because they're already doing it right now, right?