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Joined 1 year ago
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Cake day: June 16th, 2023

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  • That makes plenty of sense. Capitalism with multiple small companies competing in the market to produce consumer friendly goods and services is something that can really work if it’s well-regulated. Publically traded companies should also be legally relieved of the fiduciary duty to provide constantly growing stock value for shareholders.The government needs to keep tight controls on bribery in any form and harsh punishments given to anyone who tries to commit the kind of white collar crimes you see everywhere (e.g. wage theft, intentional environmental damage, market manipulation, etc.).

    No amount of top-down planning from a centralized government could produce the same results as a free market. That said, some things just simply need to be socialized like medicine or energy to prevent financial hardship for the average citizen.