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Originally Posted by
Spartiate
Uhm not quite, you're still painting socialism and communism (pure or whatever) as the same thing. Socialism is about government intervention whereas communism is about government control.
Socialism is actually more about government control, whereas Communism is more about communal control. The two become blurred because Communism may or may not require a state.
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Private property still exists in socialism. The only reason people group it with communism (namely in the US) is to make it sound evil and negative. Propaganda.
Well both are terribly destructive ideologies and don't require much propaganda, but this is beside the point of the thread.
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Blueline, the way you make corporations in the free market accountable to the customers, as in "if they're bad people will realize it and stop buying from them"... To me it would just create a cycle of people getting screwed by shady business practises and switching to another company, getting screwed again a little while later and switching once more, etc. Point being, it's a reactionary system where people only switch providers/brands after the damage has already been done.
When I say people will switch businesses, of course it would have to be after damage has been done to initial buyers. It would then be relayed by various media outlets and word-of-mouth so others would not even buy the product.
This is assuming people don't do research on whatever they're going to buy and everyone is an impulse buyer. But the likelihood of that, to me, is slim. It also assumes businesses will just pump out shitty products. People don't start businesses to piss off customers and lose money.
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When the government intervenes with regulations to protect the customer, it's a precautionary measure so things don't have to get that bad before something is done.
Unfortunately those regulations rarely help the customer in the long run and hurt honest businesses, which hurts the economy.
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Also, how would a libertarian economy handle certain socialist regulations or practises that are already common. Things like minimum wage, sick days, maternity leave, working hours, unions, paid vacation, etc.
Minimum wage would probably (read: hopefully) be abolished. Sick days, maternity leave, paid vacation, and working hours would be left up to the businesses/employees. Unions would probably exist but hopefully wouldn't be as ridiculous as they are now.
This is assuming there is a small government.