alt Hacker NewsWhy is this downvoted? To me, it seems like a self-evident conclusion. Even the supporters of the current system would probably agree with it. When you have a system that encourages endless growth at absolutely all costs, while placing no limits at the amount of power a single entity can hold, what other outcome can there be but the biggest players absorbing everything into themselves and using their influence over people and governments to guarantee their dominance?
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These mega-strong players always kill themselves and collapse. We can see this on the global geopolitical scale (which fundamentally acts as a true free market), where all the empires have always fallen.
The stressing part is when they are at their peak, so people would like to use regulation to short-cut right to the collapse part.
The only example we have a true free market victor that hasn't collapsed is humans, who have totally and completely dominated all other life on Earth, but man, it's certainly not looking good for us right now.
(I agree, but generally commenting about downvotes isn't something we do here from what I've seen)
We haven't had a free market in the United States in awhile. It's public-private partnered market fixing. Which is good for the consumer, many times, though not all the time.