this post was submitted on 18 Jul 2024
505 points (99.6% liked)
Technology
59419 readers
4966 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Yeah this is exactly what free market lunatics on the right don’t understand. Monopoly isn’t a free market. Free markets simply cannot exist without regulation to prevent unfair business practices.
Also any reasonable economist can tell you that the free market does not solve issues like the tragedy of the commons, because negative externalities are not factored in. It is also the government’s job to ‘internalize’ externalities so companies actually see the costs of, for example, polluting our air and water.
TLDR: free market != unregulated market
I respect your reasoning, though I disagree about free markets being better than a democratically managed economy. I think free markets are inherently oppositional to a cooperative society, and that the myth of the commons was invented as a justification for capitalism.