> it's painfully obvious to see how incredibly exploitative industries can become (literally working people to death) without something like a union to check corporate greed against worker well-being.
I don't think the missing mechanism is unions, I think it's an aggressive monopoly-busting government. What we're talking about is an industry outstrippinng it's competition and harming people - basically the definition of a monopoly.
Totally free markets are self destructive. Well regulated free markets are the greatest driving force for human quality of life we've found.
>Totally free markets are self destructive. Well regulated free markets are the greatest driving force for human quality of life we've found.
Pretty sure limited liability exists in every 'totally free market' you are pointing to. That isnt really a free market, that's a government giving an enormous generous power to owners that is kind of a legal oddity.
Why does the owner of a corporation not have to pay for damages? Why is it limited to the assets of the corporation?
I wonder how careful companies would be if the owners and stockholders could lose their entire fortune and go into personal debt when they are caught poisoning the air that affects 500,000 people.
I don't think the missing mechanism is unions, I think it's an aggressive monopoly-busting government. What we're talking about is an industry outstrippinng it's competition and harming people - basically the definition of a monopoly.
Totally free markets are self destructive. Well regulated free markets are the greatest driving force for human quality of life we've found.