Comment by ambicapter
1 day ago
> There are legitimate criticisms of a pure free market, but this is "state capitalism" not a free market.
Yeah, that's what OP said. I hate these sort of comments where the poster acts like they vehemently disagree with what was said, but then just restate what was said in a slightly different way.
This should be higher, absolutely right
Yeah, that's what OP said.
No, OP lectured us about the evils of free markets and how they need to be regulated... presumably by the same corrupt, captured government he's complaining about. The one who's giving Ellison his orders to pass along to Weiss. Because that's who'll do the regulating, in the world OP is implicitly asking for.
The problem isn't the money or the market. The problem is the power.
Money is power.
Trump's and the Republican party's whole shtick is deregulation. The financial tumors in the economy love it when the white blood cells look the other way. That's why folks like Ellison and Elon bought this election. These are the types of orders they are happy to comply with for favorable treatment.
If you don't regulate, you're just opening the door for the free market to birth a tyrant or cabal that makes up their own power structures.
If you don't regulate, you're just opening the door for the free market to birth a tyrant or cabal that makes up their own power structures.
Perhaps, but right now the only tyrants and cabals I see around me were elected democratically. I don't have to use Facebook or Amazon, but I have to pay taxes to Trump's treasury department.
The fact that stupid people can be easily herded into voting against almost everyone's best interests, including their own, is not an indictment of the free market. If anything, it speaks to the apparently-unresolvable incompatibility of social media and democracy. I'm pretty sure we'll have to give up one or the other before long.
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