Since you brought it up, why are you a free market person?
shalafi@lemmy.world 5 months ago
I’m more of a free market guy than most of y’all, but the internet should clearly be treated as a utility.
Telorand@reddthat.com 5 months ago
explore_broaden@midwest.social 5 months ago
I like the free market too, but having a small number of companies control a necessary resource definitely isn’t a free market.
rockSlayer@lemmy.world 5 months ago
That’s part of the issue with free markets. There’s a missing part to the term that most people drop for some reason, and that would be ‘competition’. Competition doesn’t last very long before there are winners and losers. When it comes to the economy, that means the winner is the largest company and the losers are the companies that were bought or shut down. The end game of free market competition is monopoly. The only reason the competition doesn’t end is because of government regulation to facilitate and uphold capitalist free markets.
explore_broaden@midwest.social 5 months ago
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.
grue@lemmy.world 5 months ago
The only reason the competition doesn’t end is because of government regulation to facilitate and uphold capitalist free markets.
A.K.A. what Adam Smith was really talking about when he mentioned the “invisible hand” (contrary to what the laissez-faire cargo-cultists think).
knightly@pawb.social 5 months ago
There’s no such thing as a free market.
explore_broaden@midwest.social 5 months ago
Yeah, I agree, I think a true free market is basically impossible because there will always be winners and those companies will certainly use their power to stifle competition. Also it is difficult for the consumer to evaluate every product they buy even if there is a number of competitors, so issues like what @Telorand@reddthat.com mentioned (sawdust in food) come up because consumers just don’t have the measurement equipment to check.
Telorand@reddthat.com 5 months ago
I like not having sawdust in my food and legal recourse when a company takes advantage of me, so regulated markets are my preferred method.
What do you like about free markets?
explore_broaden@midwest.social 5 months ago
I think a free market in a given sector can encourage innovation. That’s not to say all sectors need innovation, there’s not a lot of innovation to be had in many sectors, like providing water, or housing, and those probably don’t need to be a free market. They could be provided by the government for example.
Lojcs@lemm.ee 5 months ago
Yeah random guy on the internet, justify yourself
Telorand@reddthat.com 5 months ago
That’s not what I asked them to do. I disagree with free markets, but that doesn’t mean I’m resistant to learning from other people’s perspectives.
Lojcs@lemm.ee 5 months ago
I didn’t mean you were, that just sounded strangely judgemental for a question asked to a random person on the internet who you probably never saw before and will most likely ignore it
todd_bonzalez@lemm.ee 5 months ago
18 hours later: Crickets
They aren’t going to answer this question. Nobody reveals their stupidity on purpose.
Besides, we already know what all the Capitalist propaganda says. We know what the answer would be.
technocrit@lemmy.dbzer0.com 5 months ago
It’s always the same reasons: indoctrination, lack of critical thinking, etc.
over_clox@lemmy.world 5 months ago
I feel like everyone within developed countries should offer everyone a bare minimum free internet access. Like, even if it’s as slow as dialup, at least it would still be access.
Then, if you want high speed internet, which I’m sure most people would want, then you pay monthly for that of course.
But this whole thing they’re doing now, where they can throttle or even block sites at their own discretion for paying customers, well that’s just totally back-asswards…
Lost_My_Mind@lemmy.world 5 months ago
Thats what we were pushing for back in 2015