Without morality, the market economy will destroy itself

Re:Without morality, the market economy will destroy itself by pdonis on Saturday December 21, 2013 @08:07PM (#6948843)

In my view, the correct way of fighting monopolies would be using the great social tools at our disposal to make consumers more informed about the distant implications of their buying decisions. This will create an informed Capitalism, one where in the consumers are the ultimate regulators.

Can't upvote this enough.

[ Parent | on HN ]

Re:Without morality, the market economy will destroy itself by nooneelse on Monday December 30, 2013 @07:23PM (#6988098)

Great idea/ideal, and I share it... but until I'm wearing a HUD that can tell me what materials and processes in which factories and ports were used at each step of production and distribution contributing to each lot of cereal in the store, I'm not really informed enough at the point of economic decision to accurately reflect my utility function through my purchases. And good luck getting the producers of goods to share details even approaching that. As a class, they routinely fight additional labeling of their products, getting access to their production and distribution databases will be a far worse fight.

[ Parent | on HN ]