Comment on Appeals court halts return of net neutrality | The Sixth Circuit’s temporary stay comes only weeks after the Supreme Court overturned Chevron deference, weakening the FCC

• explore_broaden@midwest.social ⁨1⁩ ⁨month⁩ ago

  I like the free market too, but having a small number of companies control a necessary resource definitely isn’t a free market.

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  • rockSlayer@lemmy.world ⁨1⁩ ⁨month⁩ 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.

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    • explore_broaden@midwest.social ⁨1⁩ ⁨month⁩ 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.

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      • rockSlayer@lemmy.world ⁨1⁩ ⁨month⁩ ago

        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.

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    • grue@lemmy.world ⁨1⁩ ⁨month⁩ 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).

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      • qprimed@lemmy.ml ⁨1⁩ ⁨month⁩ ago

        what Adam Smith was really talking about when he mentioned the “invisible hand”

        today, I got a clarified/alternate point of view. today was a good day. thank you, internet friend.

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  • knightly@pawb.social ⁨1⁩ ⁨month⁩ ago

    There’s no such thing as a free market.

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    • explore_broaden@midwest.social ⁨1⁩ ⁨month⁩ 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.

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  • Telorand@reddthat.com ⁨1⁩ ⁨month⁩ 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?

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    • explore_broaden@midwest.social ⁨1⁩ ⁨month⁩ 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.

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      • Telorand@reddthat.com ⁨1⁩ ⁨month⁩ ago

        I could be convinced that some kind of hybrid market would work, though I’d have to see some reasonable examples of how we’d prevent monopolies and corporate collusion/racketeering.

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• Lojcs@lemm.ee ⁨1⁩ ⁨month⁩ ago

  Yeah random guy on the internet, justify yourself

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  • Telorand@reddthat.com ⁨1⁩ ⁨month⁩ 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.

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    • Lojcs@lemm.ee ⁨1⁩ ⁨month⁩ 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

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      • Telorand@reddthat.com ⁨1⁩ ⁨month⁩ ago

        I get it, but maybe they won’t. They definitely will ignore my question if I never ask!

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• todd_bonzalez@lemm.ee ⁨1⁩ ⁨month⁩ 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.

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• technocrit@lemmy.dbzer0.com ⁨1⁩ ⁨month⁩ ago

  It’s always the same reasons: indoctrination, lack of critical thinking, etc.

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