capitalism believes that the market should regulate itself
Anarcho-capitalism ⊊ capitalism.
Comment on Well, fuck you too.
BubblyMango@lemmy.wtf 9 months agoMoatly about capitalism i think. If you put on privacy restrictions, you are regulating the market, while capitalism believes that the market should regulate itself, and customers will simply stop using those websites/softwares overtime if its too bad. I find this completely delusional in the era of mega corporations, but thats the capitalistic aproach to this.
xigoi@lemmy.sdf.org 9 months ago
WhipTheLlama@lemmy.world 9 months ago
EU is capitalist, so I’m not sure what you’re talking about. Maybe you’re just another person blaming everything on capitalism because that’s easier than understanding the actual problems. Might as well blame it on the prevalent system.
BubblyMango@lemmy.wtf 9 months ago
Im not exactly against capitalism, but i do think that a hardcore capitalistic aproach such as the one in the US has many downsides.
Please try not to throw insults or mean assumptions. We are here to discuss.
barsoap@lemm.ee 9 months ago
The EU is a social market economy. It currently slants more capitalist but nothing whatsoever stops member states from taxing the hell out of billionaires shifting it more towards market socialism.
What really doesn’t fly in the EU is the free market <-> unregulated market equivocation that peddlers of institutional market failure enjoy so much. The free market model relies on perfectly rational actors acting on perfect information, in the real world you need regulation to approach that ideal. If you want to see actually unregulated markets have a look at black ones where there’s not even regulations against offers you can’t refuse.
And that’s why the EU is legislating things like caps having to stay attached to plastic bottles: Because not doing it would allow companies to continue to externalise microplastic problems they generate and, innovation costing money, they wouldn’t do it on their own (the new caps aren’t even more expensive per piece it’s just some R&D and very small changes to bottling machines.)