this post was submitted on 22 Aug 2023
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[–] WaxedWookie 3 points 1 year ago (1 children)

The greatest predictor of corruption, as with most crime, is inequality. Removing massive inequality eliminates the means to fund corruption, while a fairer allocation of resources disincentives it (though I'd also support strong penalties for engaging in it).

Western companies operate overseas because they're financially incentivised to do so - this is largely due to cheap labour with minimal protections (slaves more frequently than there should be), but also due to factors like proximity to raw materials. The fact that they would move to America in a heartbeat isn't exactly a selling point - it's just more evidence of the harm done by capitalism, and an argument for worker enfranchisement. The long, well documented history of the CIA overthrowing governments to install regimes more favourable to US commercial interests doesn't exactly help this point either.

The free market doesn't self regulate - it naturally collapses into monopolies, and all the associated suffering, graft, and market failure. The corruption is an example of the failure of these companies to self regulate as they work to bypass existing regulation. Regulators regulate companies chase profit - no matter what.. We should empower the regulators to stop the worst tendencies of companies operating under the profit motive. Again, look to western countries operating in the developing world for all the evidence you need of this - nestle is a great, though far from unique case study - abhorrent labour practices, environmental vandalism, political fuckery, and predatory marketing in particular.

This brings me to ask - why would you cheer for our political democracy to be choked out by a lack of economic democracy? Why would you not want democracy in your workplace rather than having the fruits of your labour leeched away by unaccountable, unproductive, uninformed owners?