Comment on The Only Solution Capitalism Has Is to Sell Us More Useless Junk: Ad makers will never say the quiet part loud, but they increasingly know that we're unhappy and looking for solutions.

UnspecificGravity@piefed.social ⁨3⁩ ⁨days⁩ ago

I think the biggest mistake that the current administration is making (at least in terms of domestic commerce) is the complete failure to understand that consumer protections are NOT altruistic services given away to people. They are devices intended to increase consumer confidence and therefore consumer spending. A properly regulated market means that customers are confident that they will be given fair terms and will get what they have paid for. If you erode those protections the result is that consumers spend less.

The governments role in a capitalist nation is to serve as a guarantor of the integrity of transactions within its jurisdiction. If it abdicates that responsibility people will curtail their spending commensurate with their perception of increased risk. In short, people stop buying shit when they view those purchases as risky.

Since Trump and his cohort have never actually engaged in LEGITIGIMATE business they view these regulations exclusively as impediments when the reality is that they greatly benefit corporations in a consumer driven economy.

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