Comment Re:Wow, that was so full of stupid... (Score 1) 449
I[n] REAL capitalism, when you screw over your customers, they leave you and go to the competition.
No, Capitalism - the free market - does NOT LIKE competition. While every *small* company is trying to outdo their competition (which is good and manageable), every *big* company is trying to *kill* their competition (which is very very bad).
You seem to ignore the fact that nothing can work without rules. Capitalism is not - and has never, ever been - about letting companies off their leash and go crashing about like bulls in China shops. When there is less regulation, things like the GFC happens, as well as people dying from smoking, asbestos, pollution, etc.
Without government regulation of the market, you would not currently have cheap water, because there would only be 2 major water companies (after they'd killed all the smaller competition) and you'd have a choice between cheap and nasty, or clean and expensive. Give me one example of a deregulated market which has ended up providing consistent quality at affordable prices.
The only time Capitalism works well, is when government regulates to *ensure* quality and competition. Smell the air in Beijing. That's the smell of lack of regulation. The GFC - lack of regulation. Yes, *too much* regulation is bad, and *not enough* (or inappropriate) regulation is also bad. It's not a zero-sum game, it's about getting the balance right.