I’m a fan of capitalism, but it NEEDS heavy regulation to ensure competition. The playing field is not naturally level. Left to its own devices, the market insists on consolidation and monopoly.
I have a rough idea of the best way to do capitalism: if a company in a standard industry reaches monopoly (or oligopoly) stage, congratulations. You’ve won. The government should buy all your stock at above market rates, all the employees including the CEOs should get massive payouts. Huge taxpayer funded party. Golden parachutes for everyone. Giant bonuses to all of their contracted labor. And then the company or companies should be broken up into tiny pieces, assets sold off, all intellectual property revert to public domain, and leadership banned from pursuing business in that industry for a period of time.
I’ve seen that idea before, it’s not a bad one. I think there should also be the option to make it public in case it’s become a service that can only really work if centralised and is beneficial to the population. I’d still rather move to an entirely different system but if we have to keep capitalism something like this would be nice.
I’m a fan of capitalism, but it NEEDS heavy regulation to ensure competition. The playing field is not naturally level. Left to its own devices, the market insists on consolidation and monopoly.
I have a rough idea of the best way to do capitalism: if a company in a standard industry reaches monopoly (or oligopoly) stage, congratulations. You’ve won. The government should buy all your stock at above market rates, all the employees including the CEOs should get massive payouts. Huge taxpayer funded party. Golden parachutes for everyone. Giant bonuses to all of their contracted labor. And then the company or companies should be broken up into tiny pieces, assets sold off, all intellectual property revert to public domain, and leadership banned from pursuing business in that industry for a period of time.
I’ve seen that idea before, it’s not a bad one. I think there should also be the option to make it public in case it’s become a service that can only really work if centralised and is beneficial to the population. I’d still rather move to an entirely different system but if we have to keep capitalism something like this would be nice.