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258 sats \ 1 reply \ @kepford 24 Jan \ parent \ on: What Role Should Governments Play in Markets? history
I am. I would love to see a move in this direction. The problem is that institutions like the SEC, FDA, and CDC will NEVER reduce their size and scope. The incentives are such that they will expand and suck more life out of the economy. They are leaches. They distort the market. The temp market actors to cheat by offering bribes and favors for favorable treatment of their operations. They are a corrupting force.
Now, of course people will try to game or cheat Yelp and Google reviews. But neither have a monopoly and to the extent they have market dominance I would suggest the state creates the environment where companies like Amazon and Google can gain dominance. Regulatory capture is a thing and often I see people blaming the market for things the state creates. The state tips the scales. It can't help itself.
makes sense.
directly fighting the continued overreach of these agencies doesn’t seem to be much help, so perhaps we need another Bitcoin moment for some system to disrupt the status quo in a completely roundabout way.
i haven’t thought much about what such a system might look like though…
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