this post was submitted on 11 Dec 2023
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unregulated anarcho-free market capitalism. THAT'S the problem.
In a real free market, the banks that committed so much fraud in 2008 that they crashed the economy wouldn't have gotten bailouts.
GM and ford both went bankrupt multiple times from their own greed and stupidity. In a real free market, they wouldn't have gotten bailouts. Or the airline companies, no bailouts for them in a free market either.
In a real free market companies will lobby the government to bail them out.
that wouldn't be a free market. The idea of a free market means that working hard makes you go farther. But our economy punishes hard work and rewards constant failure.
I understand what you're saying, but what a free market is supposed to be on paper isn't what we have. What we have is an oligarchy dicatorship.
No, in a real free market the banks would lobby to be bailed out. Removing even more regulation from it would result in more lobbying. Even with anti-corruption measures, without worker ownership or massive Unionization, eventually these protections will slide back once someone more opportunistic takes office.
Worker Ownerhship and decentralization are the correct path, rather than antidemocratic Capitalist production.