cross-posted from: https://slrpnk.net/post/10351845
This is the post: https://www.reddit.com/r/worldjerking/comments/1d92dkp/rate_the_political_factions_in_my_totally/
If your current boss tried to literally own you wouldn’t you just move to a company that treats you better?
There might not BE a better company. In the system you describe we’d end up with even more strictly defined economic classes, because the wealthy would have the ability to collectively decide policy without interference. You’d just be creating an oligarchy.
The idea is there is no policy, just companies competing for customers and employees and giving them both the best value or the customers and employees would move on to a better company.
Why compete when you can destroy the other companies without restrictions?
Imagine Walmart buys the local water company then cuts water off to their competitors by charging them an exorbitant amount? Or the local power company? What’s to stop them?
They can just absorb the local utilities and start intentionally giving their competitors terrible or no service and drive them out of business.
It just turns to feudalism.
Why compete for customers? They could form a monopoly to make sure you need to pay their prices, or just threaten you into only buying their products. Unregulated markets eventually stop being markets.