I see a lot of posts about how the government should be "hands-off" and let capitalism run the economy.
This is called "free market" capitalism, and if you do a little searching you will find there has NEVER been an example of free-market capitalism at any time anywhere in the world other than in very small villages.
It is a wonderful sounding theory, and commonsense would tell us it works better. But, the reality is it doesn't.
The facts are that we are in a world economy. Free Market capitalism requires individuals to be able to vote for companies with their dollars, hence motivating companies to "behave".
Did you know that 90% of all food production is done by 9 companies worldwide? Do you know which labels are produced by which companies? Do you think they care how YOU vote with YOUR money?
Did you know that 80% of all pharmaceuticals prescribed and sold in the US are produced in China or India? Do you think they care how YOU vote with YOUR money?
I could go on and on, but the point is, there are valid reasons for government regulation of corporations. The discussions are around how much and in what areas. But, you really would not want to live in the age of the industrial revolution again. The age of "company stores". The age of indentured servitude.
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