This meme was inspired by the response to a meme I posted on r/worldjerking
This meme was inspired by the response to a meme I posted on r/worldjerking
cross-posted from: https://slrpnk.net/post/10351845
This is the post: https://www.reddit.com/r/worldjerking/comments/1d92dkp/rate_the_political_factions_in_my_totally/
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Unregulated capitalism has never been tried and it’s probably the solution to all the problems with our current system.
I'm good having regulations
If my boss could literally own me I know he would
If your current boss tried to literally own you wouldn’t you just move to a company that treats you better?
There might not BE a better company. In the system you describe we'd end up with even more strictly defined economic classes, because the wealthy would have the ability to collectively decide policy without interference. You'd just be creating an oligarchy.
The idea is there is no policy, just companies competing for customers and employees and giving them both the best value or the customers and employees would move on to a better company.
Why compete when you can destroy the other companies without restrictions?
Imagine Walmart buys the local water company then cuts water off to their competitors by charging them an exorbitant amount? Or the local power company? What's to stop them?
They can just absorb the local utilities and start intentionally giving their competitors terrible or no service and drive them out of business.
It just turns to feudalism.
Someone else will supply the water and power to the people for a reasonable price and the customers will flock to them.
How would they get the capital together (a massive undertaking) or the equipment together (again a massive undertaking) as Walmart buys up the entire supply chain to provide the pipes and power lines?
Oh you want to hire an electrician for grid work? Walmart won't sell you or rent you the equipment. Want to hire a plumber for grid work? Walmart won't sell you the required equipment to set it up.
Not even that but what's to stop them from corporate espionage? Sabotaging their competitors. "Oh we trap rain water and truck it to people. Lately people have been getting really sick from our water but not Walmarts water."
Again, I’m just exploring alternatives to the current flawed system we have and you’re another person just losing their minds about it.
But their only customer would be the one store Walmart is shutting down. Why would you lay millions of dollars of pipes and more millions of dollars in purification infrastructure just for one money strapped store?
The established supplier would just buy the new competitor. If they don't sell, the established supplier would pricedump and eat the loss, since they're already estabished, until the new competitor agrees to be bought.
Why compete for customers? They could form a monopoly to make sure you need to pay their prices, or just threaten you into only buying their products. Unregulated markets eventually stop being markets.
There wouldn’t be barriers to new companies opening up to compete as there are now.
The current system we use encourages monopolies through the regulations.
Want proof? Look at the monopolies.
There would be the monopolies with private armies and more money than God to shut down new competition. They can lower prices for years to run at a loss locally to run the newcomer out of money, or just do a hostile takeover.
Here I am trying to explore an alternative to our current system and you’re losing your mind over it.
oh you sweet summer child
Arguing with an ancap is just a waste of time.
Do you want to engage in an actual discussion or just spam meme comments?
You realize you’re basically proving the point of the meme you’re commenting on right now.
It seems you've come from a time line where we got rid of the food regulations and you've injested far too much lead.
Dudes a troll. Why entertain them?
Fun?
A light dunking is nice once in a while.
Fair enough. If there going to be a reason- that’s probably the only good one.
What’s with the personal attacks?
Can you not find a problem with my solution and have a discussion instead?
Insulting you is really unnecessary, SatansMaggotyCumFart.
Unregulated capitalism would result in the right of the richest and you could use your power to prevent others from getting as rich.
When you allow corporations to run unregulated you get to see the inherent decency of capitalism showing itself.
The rich will help the less fortunate up to become rich themselves.
That's not how capitalism works.
that's a consequence
Nope.
It's just a troll.
Companies with company town usually paid their employees with a company issued money that was only good at the company stores.
They usually sold with inflated prices.
This isn’t pure capitalism.
What makes you think unregulated capitalism won't result in these monopolies?
And the Sturlungs?
I read the article and it didn’t really explain how a forty-four year period in Iceland in 1220 has anything to do with this conversation.
It was the medieval equivalent of anarcho-capitalism.
That's not capitalism. Not in the slightest.
Sure they're not. ;)
This sounds like insanity. You think the Jeff Besos’ of the world are going to play fair when capitalism has no regulations?
If the people decide they don’t like Bezos’ company they would use a new one and he wouldn’t have a leg up on the other ones like he does now.
How would they go to a new one if he uses the massive power he has to absorb and destroy the competition?
How would they get there if the roads no longer connect to other areas because Bezos bought all the construction companies and makes the cost too high to maintain those roads?
Not all companies will sell to him and new construction companies will form and charge reasonable rates to maintain the roads.
Walmart has enough capital on hand to work at a loss for a long long time before it's an issue. How would their competitors compete when they can't beat Walmarts prices?
Walmart has already done this with grocery stores in areas in the modern day. Lower their prices to the point of operating at a loss locally to drive the competition out of business and once their gone then bring the prices back up.
They got to this point with the current system.
Good luck creating a competitor to AWS/Amazon.
People like what he’s doing and the price he’s doing it for.
Russia post-Soviet Union is what you’re looking for
The oligarchy system is not what I’m looking for, it’s a small group of people given control of companies as favors not organically growing by being the best.
oligarchy is the natural result of unfettered capitalism – capitalism rewards profit, not merit
Do you think hot dog man was the best person to run Russia’s largest private army?
No, he was Putin’s caterer and was given a plush posting because of it.
That’s not capitalism.
Unregulated capitalism is impossible by definition, because capitalism requires private property, and private property only exists because the state enforces that status.
Lol the yanks are giving it a good go, and look at the trouble they're in.
They have individual states where the economy is bigger than full European countries.
I’d say they are pretty successful at it.
Yeah but their people all live in misery.
They could move to the states if they work hard.
But why would anyone want to do that when all Americans are miserable because of the hyper capitalist tyranny they exist under?
a yes, the unregulated capitalism mindset that cause the great depression
The Great Depression was caused by the stock markets failing, not a lack of regulation.
Happy cake day.