Re:We need to take CO2 out of the sky – an overview of clima...
by emiliobumachar on Wednesday February 26, 2020 @06:48AM
(#22422179)
> Comparison of different products should be simple
Could you elaborate on this bit please? Do we regulate away all but one way to differentiate a product? How do we decide which one?
It's really telling that the only market the wealthy class needs to care about has incredibly tight regulation on how you describe the 'product' (Accounting standards, auditing, what the CEO tweets...).
Meanwhile the markets every day consumers & workers lives are ruled by are wall to wall lies and deception.
Our current low-regulation markets are basically designed to innovate in manipulating voters, consumers and workers. Where our most profitable industries main focus is buying off their regulators, competitors and focusing on creating moats and monopolies.
In my view a good first step would be to bring in tight regulation on political spending & lobbying. Followed by regulating advertising with a view to nationalized product discovery. Basically if even Amazon can't stop fake reviews we should make it a publicly funded good. Let every company freely list their products and (as with listed companies accounting regulation) any product produced by a big company should have stats which are directly comparable to their competitors products & legally binding. We could also require companies to list the CAD files for replacement parts they no longer make.