In the last 5 to 10 years everything seems to suck: product’s and services quality plummeted, everything from homes to cars to food became really expensive, technology stopped to help us to be something designed to f@ck with us and our money, nobody seems to be able to hold a job anymore, everyone is broke. Life seems worse in general.
Why? Did COVID made this happen? How?
Unregulated capitalism…
This is the natural result of that.
COVID factored in because the handful of corporations that own a shit ton of companies figured out 8% inflation could be used as justification to double/triple prices, and if they all did it, consumers had no options.
In regulated capitalism, the government would step in to prevent this type of price fixing.
But when both political parties are “pro business” and take donations from those huge corporations…
Then corporations get away with lots they shouldn’t
like this?
https://www.nytimes.com/2024/01/23/us/yale-columbia-price-fixing-settlement.html
https://www.reuters.com/legal/litigation/drivers-sue-us-shale-oil-producers-over-alleged-price-fixing-scheme-2024-01-16/
https://www.texastribune.org/2024/01/19/rice-university-price-fixing-lawsuit/
https://www.propublica.org/article/doj-backs-tenants-price-fixing-case-big-landlords-real-estate-tech
https://apnews.com/article/egg-producers-price-gouging-lawsuit-conspiracy-8cd455003a3a40bab74d0f046d0f2c9d
https://www.reuters.com/legal/litigation/frances-saint-gobain-others-hit-with-price-fixing-claims-us-court-2023-11-30/
I looked at some of those, and it’s private citizens suing corporations…
Even the rent one with the DOJ, it’s just them becoming involved in private lawsuits…
That’s not the same as the government regulating capitalism.
And while that one is sort of related to the topic, not really. It’s because the price fixing is automated by a computer program a bunch of landlords used.
In the future if you only give one link and some kind of explanation other than “like this?” The person you replied to can probably do a better job of helping you understand.
This is like saying that Texas doesn’t regulate abortion because it’s just private citizens filing lawsuits. That is bullshit.
Without the regulations, there would be no legal basis for filing a lawsuit.
But the government doesn’t regulate capitalism, they are owned by the capitalists. So many laws exist because corporations paid for them to, moreso in recent years but it was still bad 50+ years ago, just look at how successful the tobacco industry is.
Not trying to pick a fight, but having regulations is not the same thing as regulating. At least not in the context of this thread.
I will try to not fight with you.
What distinction do you make between regulating and having regulations?
Yes, but a HUNDRED TIMES MORE! AND WITH ACTUAL PENALTIES INDEMNITY ETC
Company makes a billion dollars and then it’s fined 200 million, ten years later because a private citizen sues them…
Is this government regulation?
You’re a meme. And by that I mean, you’re a joke.
Thank you for contributing to the discussion.