Oddbean new post about | logout
▲ ▼
bhanuB | 1 years ago (raw) | root | parent | reply | flag 
 We’ll government regulations claim to help prevent things like child labor and unchecked environmental pollution…. Anti trust laws, etc.  If mega worldwide corporations have no checks and balances they have to answer to… they will grow in power and control faster than individual people will.
▲ ▼
vestion | 1 years ago (raw) | root | parent | reply | flag 
 Why should child labour be banned?

Pollution can be solved by private property rights. Pollution that injures others is aggression.

Anti-trust laws are useless.

In a free-market system, corporations cannot wield political power and influence policymakers through lobbying or campaign contributions. A company can only grow by serving their customers effectively and efficiently. Harmful monopolies cannot form in a free-market economy.
▲ ▼
bhanuB | 1 years ago (raw) | root | parent | reply | flag 
 Have to disagree on this one… seems to me that monopolies could certainly form in a free market economy
▲ ▼
vestion | 11 months ago (raw) | root | parent | reply | flag 
 I never said they couldn't. I said that harmful monopolies couldn't.