I am not for a total command economy I would like to make sure the state provides the needs of the people but I would like to see some luxury items provided by the market

well see you're missing the point of the free market

sorry I am distracted my roomies fuck super loud

the point of the free market is to HELP consumers, believe it or not

let me explain

business owners compete with each other in various markets

my problem with the free market is the more money you have the more say you have in what is produced

as they compete, they compete to make better products at lower prices

and as they compete, wages increase with it

competition is the self-regulating invisible hand

I think products can get better with competition but I am not sure if wages increase

don't wages fall with larger labor pools

?

wages do end up increasing

logically, a business would not want to lower wages

because if they did, people would leave them

and work for other businesses

then, they go out of business

if it makes them more money they would that happened at my work, they offered less pay and gave less benefits

lots of people who work for them don't have a choice I can't leave because I need money to afford housing etc.

well, we've identified the problem in your situation

they can lower wages because they are a local monopoly

I don't have any capital because I am a wage worker?

that should not happen in a capitalist society

see

what we have right now

is more or less corporatism

our system is closer to a fascist system than a capitalist one

government essentially works with big business to keep smaller businesses down

they do this through excessive regulation and taxation

as well as subsidies and nationalization

We can agree on a number of things which characterized the latest crisis, but I of course don't support the ABCT. I also don't subscribe to the conventional narrative that crises are merely departures from the usual tendency of the market economy toward equilibrium, automatically adjusting prices so that the supply of commodities corresponds to the demand for them. I believe such economic turbulence, the kind of which we've experience just recently, is a direct result of a propensity for crisis within capitalist development which has been there since the very beginning.

I guess we agree that collusion between the state and business is bad but I think I am better off with more regulation but I feel your would disagree

if it wasn't for regulation the boss would work everyone as long and hard as he wanted

he would do whatever makes a buck no matter what impact it made on the worker

well of course some regulation is required

we're talking about overregulation

which strangles small businesses and keeps more from forming

that's why we have regional monopolies

because no more businesses can start up

I think the line between over regulation and regulation is a matter of opinion