Re:Greensboro Man Creates Dating App Where He's the Only Guy...
by randomsearch on Monday November 25, 2019 @11:52AM
(#21630022)
Most supporters of neoliberalism don't know Adam Smith himself anticipated your observation and argued for the solution - i.e. regulation.
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Re:Greensboro Man Creates Dating App Where He's the Only Guy...
by mcv on Monday November 25, 2019 @04:09PM
(#21632840)
Absolutely. He was strongly opposed to monopolies and cartels, and I believe he even argued for what basically amounts to labor unions. He was incredibly prescient.
Re:Greensboro Man Creates Dating App Where He's the Only Guy...
by randomsearch on Tuesday November 26, 2019 @03:13AM
(#21636433)
Indeed. I got downvoted for the above, but Thatcher-Reaganomics involved crushing the unions - exactly the opposite of what Smith would have argued for.
Re:Greensboro Man Creates Dating App Where He's the Only Guy...
by mcv on Tuesday November 26, 2019 @03:41AM
(#21636545)
Yeah, no idea where your downvotes come from; I upvoted you to compensate. Because you're right. Adam Smith was very aware that a free market requires protecting that freedom, which means regulation. A market dominated by only one or two big players is not free; it needs to be accessible to everybody.