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?
Nestle got away with lies and deceit in developing countries with ineffective legal systems. What sort of legislation that wasn’t already in place would you have implemented to prevent the tragedy?
Bare minimum? How about emulating the US laws they were dodging… Though we can do far better than that. I can’t help but notice they achieved that dominance in the absence of legislation that protected them though.
The difference between an employee and an owner is that employees aren’t required to invest, and thus take on less risk.
If legislation exclusively protects the monopolistic ends of companies, there’s not really much risk, is there?
As part of a workers collective, if the entire group decides that we need to buy some new equipment (the cost of which necessitates each of us remortgaging our houses), I have no say whether or not I want to go along with the plan.
When the workers are shareholders, the workers manage these issues like any other shareholders. This isn’t complicated. I won’t raise the stats pointing to the resilience of coops through start-up and economic difficulty, nor those relating to worker satisfaction or pay.
Water and electricity public utilities. We the people have collectively agreed to provide these as services for the common good.
There might be hope for you after all - we agreed to provide them for the common good because…?
Regarding grocery stores, I don’t know anything about these companies or UK law so I won’t comment.
I’m not in the UK, and the country is irrelevant - there’s no law required to create that market failure. There usually isn’t.
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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?
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Bare minimum? How about emulating the US laws they were dodging… Though we can do far better than that. I can’t help but notice they achieved that dominance in the absence of legislation that protected them though.
If legislation exclusively protects the monopolistic ends of companies, there’s not really much risk, is there?
When the workers are shareholders, the workers manage these issues like any other shareholders. This isn’t complicated. I won’t raise the stats pointing to the resilience of coops through start-up and economic difficulty, nor those relating to worker satisfaction or pay.
There might be hope for you after all - we agreed to provide them for the common good because…?
I’m not in the UK, and the country is irrelevant - there’s no law required to create that market failure. There usually isn’t.
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