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When I was talking about "voting with money" i didn't mean any political vote. I just meant that if you are in capitalist market and all services are provided b
by michas 13y ago
When I was talking about "voting with money" i didn't mean any political vote. I just meant that if you are in capitalist market and all services are provided by private companies then you have power over that companies because you can decide not to buy their products or services. That's something that gives you a freedom of choice. Lobby money, political campaign money and other things you mentioned can only matter if government rules most of fields in our lives. If you limit goverment's powers to minimum then bribing politicians has just no incentive to a person giving a bribe.
- chii 13y agoThings that tend to have a natural monopoly (for example, water pipes) don't work very well in a truly capitalistic market where everything is privatized. Unless you start with everyone being on equal footing, the incumbents can employ a strategy where they force new entrants to the market to pay exponentially more and thus snuff them out before they become a threat, and therefore can set their price to whatever the market will beare. Imagine you have to spend the majority of your income on potable water, simply because you can't get it anywhere else! You will pay it, because its your life, and it has infinite value if you can't get enough of it. Therefore, whoever controls the water can control others thru this power.