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Originally posted by seachange
I'm not saying what Libertarians envision would be a utopia but rather I'm saying it would be something similar to Hong Kong where government spending is only 15% of the economy, giving them the closest thing to a free market you can find anywhere.
The biggest factor you are not considering here is that it does not take a majority of people to be good people for ethical shopping to work. Rather, it takes a minority of consumers who raise hell when there is something wrong going on.
So you're telling me they'll skirt around the civil law regulations. I agree, but I don't agree that is an argument in favor of regulation. It is actually an argument against regulation for the simple reason that it just plain isn't very effective. And again, by saying "against regulation" does not mean I object to civil regulations but rather don't view them as the most effective solution. Corporations don't only try to slither out of civil lawsuits, but criminal cases too, as the Occupy Wall Street protests highlight. The things you're pointing out here are a reason progressives and libertarians should come together on the idea of ethical shopping practices as a solution and at least give that effort some focus. As far as I know, there has never been a movement that has tried to do that. But I do know the organisations I've referred to (fair trade, local labels, etc) show that such things are very much possible.
It is not working now, so I can't blame you for disagreeing. But, who is focusing on that as a solution? Left-wingers are focused on the Occupy Wall Street movement. Right wingers are focused on "anyone-but-Obama" or Ron Paul. That leaves virtually nobody left focusing on ethical shopping as the best solution, even though its been proven to be effective. To be honest I think its the one and only solution. Either start the nearly non-existent movement of ethical shopping or accept a fate of corporate doom.
Originally posted by subject x
Originally posted by DarthMuerte
The free market would regulate itself
Yeah, that's what Dr. Paul says, too.
Could you explain how it would do that?
Originally posted by KeliOnyx
It can't self regulate.The theory of the free market self regulating is a pipe dream because it relies solely on the consumer to research every facet of a company before purchasing anything from them. Now stop and think about last weeks grocery list and then having to research the products you purchased possibly to the component level.
This is the problem with Ron Paul he is so married to an ideology that looks real good in theory, but falls short in practice. Which is how we got the regulations to begin with. This is a man that is so married to an ideology that he can't even bring himself to admit civil rights legislation was a positive thing. Because the market would have regulated Jim Crow too.