Quote from: NikoB on June 09, 2024, 22:08:12Capitalism has outlived its usefulness - and such laws are an element of a planned economy, but not of a free market and the "invisible hand of the market", which supposedly will regulate everything as needed. As it turned out, the "invisible hand of the market", in the absence of real significant competition between TNCs in the same niche, simply takes everything for itself and doesn't care about integrity.
So dear Europeans, welcome to the socialist planned economy. And this will be followed by other much less pleasant elements...
Without regulations or 'guard rails' Capitalism always FAILS because of GREED. (and may still fail as is failing right now even WITH them)
Greed has no care for protecting: its workers, the environment or society or world at large, only in the accumulation of wealth & power to keep that wealth.
Capitalism is driven by 'consumerism' as if the masses are not
constantly spending[/i] their cold hard earned cash (CHEC!) or even better yet spending BORROWED cash the entire economy collapses.
The entire process generates almost immeasurable waste as just about EVERYTHING is a expendable/consumable/throw-a-way item with planned obsolescence.
The almost countless GDP wasted on never ending product replacement is staggering.