Re:Auto giants like BMW, GM and Toyota make drivers ‘subscri...
by horsawlarway on Wednesday August 24, 2022 @02:31PM
(#32583772)
> they can offer whatever payment model they want
This is a distinct misunderstanding of acceptable capitalism. To be very blunt, it's simply not true.
We accept the idea that "greed is good" when it comes to capitalism only because we regulate the cases where the market fails to align the interests of the customer and manufacturer.
In cases where interests are aligned: Greed is good. The seller wants to take actions that increase profit, and that usually means either reducing the cost to produce the item, or increasing the real (or perceived) value of the item for consumers. Both of those are good things for all parties.
In cases where interests are not aligned we regulate the ever-loving shit out of the market because we have incredibly detailed historical evidence that shows that it devolves to straight abuse.
Things like
- Cartels
- Monopolies
- Fraud
- Misleading advertising
- Contractual abuse
- Unequal bargaining
- Regulated goods (black markets)
and several hundred other specific laws we have that only exist because without them people end up killing each other due to real (or perceived) injustice without them.
This is a distinct misunderstanding of acceptable capitalism. To be very blunt, it's simply not true.
We accept the idea that "greed is good" when it comes to capitalism only because we regulate the cases where the market fails to align the interests of the customer and manufacturer.
In cases where interests are aligned: Greed is good. The seller wants to take actions that increase profit, and that usually means either reducing the cost to produce the item, or increasing the real (or perceived) value of the item for consumers. Both of those are good things for all parties.
In cases where interests are not aligned we regulate the ever-loving shit out of the market because we have incredibly detailed historical evidence that shows that it devolves to straight abuse.
Things like
- Cartels
- Monopolies
- Fraud
- Misleading advertising
- Contractual abuse
- Unequal bargaining
- Regulated goods (black markets)
and several hundred other specific laws we have that only exist because without them people end up killing each other due to real (or perceived) injustice without them.