> If nobody sells a TV that doesn't spy on you and play ads because of collusion, or simply because it's the single best profit optimizer, how do consumers regulate the market? The only option is for nobody to buy a TV ever again, which clearly won't happen.
Someone can start a new TV producing company to break the collusion. Or even just make a clever router that filters out the spying.
> Capitalism requires external regulation, otherwise we get monopolies and collusion that remove choice so that consumers have no option other than to pay too much for something that doesn't work well enough.
Real world regulation is responsible for more monopolies and collusion than 'capitalism' ever was.
Yes, you can come up with some nirvana regulation that's perfect. Just like we can come up with some 'nirvana' scenario for the market that's perfect. That doesn't prove very much either way.
> "The market" isn't a fairy godmother with your best interests in mind. It's a senseless machine that can only optimize for more paperclips forever. It's fundamentally incapable of doing anything else without external input.
The market is consumers and producers interacting. They provide the 'external input'.
If consumers want paperclips and are willing to pay for them, that's what they get. If consumers want quality products, that's what they get.
Someone can start a new TV producing company to break the collusion. Or even just make a clever router that filters out the spying.
> Capitalism requires external regulation, otherwise we get monopolies and collusion that remove choice so that consumers have no option other than to pay too much for something that doesn't work well enough.
Real world regulation is responsible for more monopolies and collusion than 'capitalism' ever was.
Yes, you can come up with some nirvana regulation that's perfect. Just like we can come up with some 'nirvana' scenario for the market that's perfect. That doesn't prove very much either way.
> "The market" isn't a fairy godmother with your best interests in mind. It's a senseless machine that can only optimize for more paperclips forever. It's fundamentally incapable of doing anything else without external input.
The market is consumers and producers interacting. They provide the 'external input'.
If consumers want paperclips and are willing to pay for them, that's what they get. If consumers want quality products, that's what they get.