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

Sorry - again, this is completely ahistorical.

Self-regulation - go look up Pullman, the Nestlé's baby formula scandal, or the actions of any company immediately after they get the deregulation they've been lobbying for. While regulation is absolutely anti-competirive in some instances (looking at you, YouTube), there's a reason most companies lobbying spend billions advocating for deregulation not more regulation.

Workers vs boards. What portion of the population are workers, what portion hold board seats? Which helps the vast majority of the population, all the productive capacity, and almost all the consumption in the economy, and which area a drain on all of that, centralising wealth and power into a set of unelected oligarchs? What higher price are you going to seek in a decommodified economy?

Freedom - freedom from someone telling you what to do is great and all, but I'd rather the freedom to live the way you want, to not be coerced into wage slavery at that of homelessness, starvation and death. We can absolutely achieve this if we shift our priorities from legislating protection shareholder profits to protecting the basic needs of people. After your previous line of inquiry, I have to ask - how do you stop politicians from bringing back policy you don't like? I don't see how it's possible without shoring up our democracy in unison, which you're passionately advocating against.

Regulation is by no means a necessary component in a monopoly, and it tends to be the only reliable way to break them - which is why antitrust laws exist. Outside that, pick any industry with a high capital cost, assume someone had first mover advantage - Likely monopoly - just use economies of scale and predatory pricing to drive either your infant competitors, or those mired in debt from the capital cost of rapid scaling out of business, or acquire them. Natural monopolies like power and water transmission and rail are great examples of this. Regulation is needed to keep them from exploiting their monopoly - not to kill competition.

In my country, we have a supermarket duopoly - and the government has had to intervene several times to stop collusion. They're both massively vertically integrated, and diversified. Want to enter the market? You won't be buying from any of the farms or manufacturers they own. Want to buy from anyone else? Assuming they're not contractually locked up, they have the market power to dictate the price you pay from their suppliers (which is just about everyone). Unless you can open hundreds of supermarkets overnight, you can't compete. Aldi have barely managed to enter the market over the span of 2 decades wiith massive international backing and their own vertical integration. How would legislation be locking out the small players here, and how will deregulation solve this?