Avskum wrote:If unchecked, corporations will do anything to maximize profits at the expense of the environment and employees.
Corporations destroying the environment is a problem, but you need to understand that all environmental regulations do is push those problems into foreign backyards, particularly to poorer countries. Like I've written on my blog:
https://flatassembler.github.io/libertarianism wrote:In response to environmental regulation, multinational corporations often respond by outsourcing the work that pollutes the environment the most to countries where those laws do not exist, and those tend to be poorer countries where air-cleaning and water-cleaning technology is not available, and healthcare for people who get ill from the pollution is also poorer. So, even as the politicians in rich countries feel like they are protecting people in poor countries by passing environmental regulation, in reality, they are probably doing the opposite.
Avskum wrote:If CEOs had it their way, we would just return to feudalism.
Now you sound just as ridiculous as meat-eaters when they talk about the "vegetarianism gene" that will supposedly activate when we are vegans/vegetarians for a long time and make us more vulnerable to heart disease. That's not at all how it works, and you are making wild empirical claims with no evidence to back them up.
In feudalism, everybody is poorer than in a free market. There is no obvious reason why reasonable CEOs would want feudalism. And how exactly would they implement feudalism without a government? Feudalism, just like slavery, had to be enforced by the government.
Avskum wrote:They would be kings and we would be serfs working 16 hours per day.
If some business tries to force their workers to work 16 hours a day, somebody will start another business which will not do that.
Avskum wrote:The only way to stop this is through a (democratic) government that actually cares about its citizens interests'.
Absolutely not, what is needed is competition in a free market.
Avskum wrote:The "free market" without government intervention tends towards extreme wealth concentration
Then how it is that wealth inequality tends to be lower in countries with more economic freedom? How it is that wealth inequality has decreased as governments have stopped constantly intervening in the economy? In ancient times, wealth inequality was a lot bigger than it is today.
Avskum wrote:oligopoly where a few corporations in a given sector own and control everything
Sounds to me more like what governments are doing. Governments adding more and more regulation that only the biggest corporations can comply to is causing oligopolies and monopolies. Remove the government regulation, and new small businesses will emerge.
Avskum wrote:unions
What unions accomplish is a complicated issue. It's possible they actually decrease employment, as Milton Friedman suggested.
Avskum wrote:more regulations
What are you talking about? There is a significantly less regulation in Nordic countries than in the US.