Comment by pdonis
1 year ago
> What we need is a general process whereby the public gets to decide if a business should exist.
So if I want to start a small business, say a mom and pop restaurant, the public has to approve it first? You must be joking. Most businesses are small businesses. Hamstringing them is a recipe for disaster. Our regulatory system already disadvantages small businesses in countless ways. Indeed, that's part of the reason why large businesses can get away with so much.
The public already has a way to disapprove a business: don't buy from it. If nobody buys what the business is selling, it goes out of business.
The real oversight the public should be exercising, but isn't, is to vote out of office politicians that allow large businesses to buy their way out of trouble.
> The public already has a way to disapprove a business: don't buy from it. If nobody buys what the business is selling, it goes out of business.
This “let the market decide” approach is clearly not working. It assumes that only the direct customers of a business are the stakeholders that matter, because they have the wallets to vote with. There are many, many companies that the general public do not buy things from yet suffer their harms. There are a lot of terrible businesses, large and small, that I don’t purchase from which I’d vote in a heartbeat to get rid of if I had the opportunity.
> There are many, many companies that the general public do not buy things from yet suffer their harms.
Examples, please? I find this claim extremely dubious.
> There are a lot of terrible businesses, large and small, that I don’t purchase from which I’d vote in a heartbeat to get rid of if I had the opportunity.
Of course, because you personally don't depend on those business for anything. (At least you appear to be assuming you don't--though you might indirectly. But let's assume you don't even indirectly.) What about the people who do?
> > There are many, many companies that the general public do not buy things from yet suffer their harms.
> Examples, please? I find this claim extremely dubious.
Any company purchasing my data without my knowledge and selling it to advertisers.
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