this post was submitted on 20 Aug 2023
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[–] FluffyPotato@lemm.ee 12 points 2 years ago (22 children)

Really depends on what you mean by market. Like a market has existed since humans have and probably will until post-scarcity. The market we have now with arcane rules that all end up enriching people with more money than any one human will ever need is something that has been in the making since industrialization. That market is pretty much at a point where salvaging it is not really possible even if there was any attempt made to do so. Control of how that market works seems to be at the hands of bad actors who just want to squeeze as much wealth out of it as they can, screwing over anyone else.

Like for example the power companies in my country stopped producing power on their own and bought power from neighboring countries just to sell it to locals at a higher rate. Basically just acting as middle men without providing anything of worth. That drove the price of power to hit 300% more than the year prior. The only reason they stopped was because our government started their own power plan with locally produced power forcing those companies to compete with it but the damage was done and power prices never went back to normal like they never do when companies inflate prices. A market regulated by people who only care about profit will never work.

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[–] skymtf@pricefield.org 11 points 2 years ago (8 children)

Why should some people be allowed to be rich but not most people?

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[–] DrownedAxolotl@lemmy.ml 11 points 2 years ago (3 children)

Keep in mind, you are posting this to lemmy.ml, so I don't know what you expected... Maybe something like this would be better recieved on lemmy.world or on your account's instance.

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[–] AnonTwo@kbin.social 11 points 2 years ago (5 children)

All systems: Government, Market, etc, should be regulated assuming corruption already exists.

Because one way or another it will reach that point long after you're gone, if not before then.

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