I think I understand your complaint, but I’d say “free market” rather than “capitalism”. But regardless of what we call it, it doesn’t actually exist unless you have a more powerful external system regulating it.
Start with a truly free-market capitalist system. One company manages to temporarily pull ahead (through luck and skill). The rational thing for the company to do isn’t “make better products” (that’s hard) but “destroy competing companies” (much easier). And the end-product would be that the company becomes a government so it can force consumers to pay.
So I’d argue that socialized capitalism (which I’m picturing as a socialist system that permits certain specific free markets and handles the fallout of business failures) is what you actually want.
Not exactly. And larger companies simply CANT destroy competition without assistance from the government.
If you are free to choose what to buy, and who to buy it from, you can choose to buy from the startup. You can choose to buy from the guy running a business out of the back of his pickup. Or out of his garage. Or any number of options.
Problem is, right now we have our government enabling monopolies. Propping up failing, or non-profitable businesses by making it illegal to do business without spending millions or more on regulations that seem good on the surface, but when you start to dig into them, you see the vast majority of them were actually pushed by the big name businesses to stifle competition.
Our wallets should be the only regulation. Would you willingly buy products from a company that doesn’t respect the environment? No? Well guess what! That’s the power of the free market.
There’s, right now, a hybrid truck manufacturer in Canada that is staring down the barrel of excessive regulations that will limit their ability to build hybrid semi trucks.
How many other would-be entrepreneurs simply don’t even bother trying because there’s no way they can afford it?
How many small 1 to 2 person businesses would be in existence right now to compete with all these large companies?
I think I understand your complaint, but I’d say “free market” rather than “capitalism”. But regardless of what we call it, it doesn’t actually exist unless you have a more powerful external system regulating it.
Start with a truly free-market capitalist system. One company manages to temporarily pull ahead (through luck and skill). The rational thing for the company to do isn’t “make better products” (that’s hard) but “destroy competing companies” (much easier). And the end-product would be that the company becomes a government so it can force consumers to pay.
So I’d argue that socialized capitalism (which I’m picturing as a socialist system that permits certain specific free markets and handles the fallout of business failures) is what you actually want.
Not exactly. And larger companies simply CANT destroy competition without assistance from the government.
If you are free to choose what to buy, and who to buy it from, you can choose to buy from the startup. You can choose to buy from the guy running a business out of the back of his pickup. Or out of his garage. Or any number of options.
Problem is, right now we have our government enabling monopolies. Propping up failing, or non-profitable businesses by making it illegal to do business without spending millions or more on regulations that seem good on the surface, but when you start to dig into them, you see the vast majority of them were actually pushed by the big name businesses to stifle competition.
Our wallets should be the only regulation. Would you willingly buy products from a company that doesn’t respect the environment? No? Well guess what! That’s the power of the free market.
There’s, right now, a hybrid truck manufacturer in Canada that is staring down the barrel of excessive regulations that will limit their ability to build hybrid semi trucks.
How many other would-be entrepreneurs simply don’t even bother trying because there’s no way they can afford it?
How many small 1 to 2 person businesses would be in existence right now to compete with all these large companies?