Any centralized human attempt to do this has generally been a disaster, and a capitalist would argue that markets are you best shot at doing this.
Any centralized human attempt to do this has generally been a disaster, and a capitalist would argue that markets are you best shot at doing this.
You can have all the benefits of a free market without also letting someone like Google have the kind of control over the internet that they do.
That's predicated on anti-monopoly laws and other kinds of fairness requirements that are imposed on the market from the outside.
Markets, or capitalism, if you want, work best when there are some things in infinite supply (eg. consumers), when marketing is honest... whoops! And so on.
Regulations is what's preventing (free-market) capitalism from imploding. But, of course, it's hard to make good rules, and especially durable rules (because people learn to game the system).
Laws against fraud are there. They just have to be enforced.
https://www.scmagazine.com/news/ftc-facebook-broke-terms-5b-...
What I really meant is that we need changes in attitudes and education. Instead of viewing the current tech leaders as geniuses for aggregating users, limiting (or eliminating) choice, and charging for access to users, which is a cost that gets passed to those users, we need the average person to understand the damage done in terms of lost innovation, increased prices, and wasted labor.
I think teaching financial literacy in schools would help a lot. People just don't understand how badly they're getting ripped off IMO.
Good point. But not a silver bullet: if taught badly, it only helps involving people into shady financial pyramid schemes.
I could definitely see there being trade-offs, like non-market solutions resulting in negatives but still overall improving on those particular axes, but I find it unlikely that markets are the best possible strategy.