alt Hacker NewsCapitalism will lead to:
- Lots of options competing on quality, price, user experience, user needs
- Every marketplace innovation that we talk about on this platform
So somebody might offer exactly that and if it's a good option, people will use it. If it's not, they'll use an alternative.
Government regulation will lead to:
- Giant entrenched companies that are difficult to disrupt thanks to insider connections
- Lack of competition, price increases, terrible customer service and pretty much everything that "anti-capitalists" today complain about in regards to capitalism.
Replies
So, government regulation will lead to all bad things we see today in capitalism? But capitalism won't. This is not very sound logic.
for all values of spherical cows in a vacuum
Capitalism doesn't exist without government regulation. Who's going to enforce the contracts? Who's going to break up the giant entrenched companies rent-squeezing every cent out of their natural monopolies, and then using their illicit gains to crush any would-be competitors as they ooze into other markets?
Literally everything listed for 'government regulation will lead to' can and has happened in unchecked capitalism. Insider connections rule everything right now in this current regime of chest-beating 'capitalists.'
Capitalism and socialism aren't real things outside of freshman year econ textbooks.
> Government regulation will lead to: > > - Giant entrenched companies that are difficult to disrupt thanks to insider connections
Oh, you mean like Apple, Google, and Microsoft?
> - Lack of competition, price increases, terrible customer service and pretty much everything that "anti-capitalists" today complain about in regards to capitalism.
Have you looked around? This is already happening.
*gestures at prices*