Re:Microsoft President: Democracy Is At Stake. Regulate Big ...
by whiteflame7000 on Saturday September 14, 2019 @10:19AM
(#20970923)
Idk who's downvoting all these things but it's clearly someone with Marxist ideologies trying to apply it to capitalism. Competition is essential not only for the economy but for human civilization. Humans do not want to be equal, they just want an equal playing field. Policies that fail to acknowledge that basic human element will always fail because they won't be able to stop people from cheating the system.
Competitive markets are the closest thing we have to a panacea for every problem. There’s lots of things the US and Europe don’t agree on. But one thing they do agree on is deregulation to enable competition. That’s why even Macron in France is trying to privatize SNCF. That’s why Denmark abolished its version of the FCC. That’s why nearly every Western European country has deregulated markets for wholesale electricity, allocates public airwaves through auctions, etc. Thats why Vietnam, which is still technically a Marxist-Leninist country, has 95% of people supporting market capitalism: https://www.usatoday.com/story/news/world/2015/03/13/vietnam....
That is not to say that market failures don’t exist. But we should think extremely hard before we try non-market solutions, identifying exactly why the market isn’t working and addressing those specific issues in the least invasive way.