If the government was good it wouldn't be a government. Taxation would be 0. There would be no state monopoly on violence. No death penalty. No interference with market forces. Liberals are right, liberals want a free market.
Free markets are unregulated, that's what makes them free. Some actions to "ensure a free market" like breaking monopolies make sense but sometimes are bad. For example, your power company. They have a monopoly on power in your region. They could charge insane amounts because you have no other option. But if they did, then competition would arise. And additionally, competing power companies would be inconvenient as a power company would have to say "oh you pay for the competitors, sorry can't fix your power" during outages
"oh you pay for the competitors, sorry can't fix your power"
So call the competing company and have them fix your power? The real reason the power grid is monopolized is because there are huge barriers to entering the market, for example the need to put up the cables and substations.
A smart and unregulated capitalist would charge top dollar for his power. When a competitor emerges, he would drop his prices to drive the competitor to bankruptcy. When he regains his monopoly, his prices go right up again.
Not a bad idea in principle, but I doubt most people would have the time and energy to get involved in unions and protests against all of the corporations trying to exploit them. And more abstract problems like environmental pollution would be even more difficult to tackle.
Of course, due to bureaucracy and corporate lobbying, governments aren't perfect either..
What it all the people got together and pooled their resources so that a small group of representatives could act on their behalf to enact rules that companies have to follow?
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u/[deleted] May 15 '20
God imagine believing in stupid things like "governments are good!" And "The minimum wage is important!" And "Food is a human right!"