Deep@mander.xyz to politics @lemmy.world · 1 month agoAmericans — including many Republicans — are losing faith in capitalism, polling showslite.cnn.comexternal-linkmessage-square76linkfedilinkarrow-up1371arrow-down16
arrow-up1365arrow-down1external-linkAmericans — including many Republicans — are losing faith in capitalism, polling showslite.cnn.comDeep@mander.xyz to politics @lemmy.world · 1 month agomessage-square76linkfedilink
minus-squarepanthera_@lemmy.todaylinkfedilinkarrow-up1arrow-down1·1 month agoMonopolies are not the result of laissez-faire but the government. The government has the responsibility to stop monopolies. Inherited wealth could lead to spoiled children, but parents should certainly have the right to give their possessions to their children.
minus-squareclover@slrpnk.netlinkfedilinkEnglisharrow-up2·1 month ago Monopolies are not the result of laissez-faire Monopolies are the natural product of capitalism with inadequate regulation. Laissez faire (hands off) is a lack of regulation. If government does nothing to prevent a negative outcome that it has a duty to stop, it is complicit.
minus-squarepanthera_@lemmy.todaylinkfedilinkarrow-up1arrow-down1·1 month agoOf course, in a free market system, companies strive to beat the competition, but government is required to ensure competition is fair and no monopoly is established.
minus-squareclover@slrpnk.netlinkfedilinkEnglisharrow-up1·1 month agoSo what makes that market free? Or is that just BS marketing?
minus-squarepanthera_@lemmy.todaylinkfedilinkarrow-up1arrow-down2·1 month agoIt means companies compete with each other rather than being controlled by the government.
Monopolies are not the result of laissez-faire but the government. The government has the responsibility to stop monopolies.
Inherited wealth could lead to spoiled children, but parents should certainly have the right to give their possessions to their children.
Monopolies are the natural product of capitalism with inadequate regulation. Laissez faire (hands off) is a lack of regulation.
If government does nothing to prevent a negative outcome that it has a duty to stop, it is complicit.
Of course, in a free market system, companies strive to beat the competition, but government is required to ensure competition is fair and no monopoly is established.
So what makes that market free? Or is that just BS marketing?
It means companies compete with each other rather than being controlled by the government.