You keep waddling into my comments specifically to taut your mistaken notion of “the invisible hand of the free market”, and it’s not welcome - mostly because it’s demonstrably not true, and also because you have a history of moving goal posts when presented this data that knocks down your assertions.
Kindly go away and chew on this while you do so: if everyone started their own billion-dollar business like you claim it’s possible (and plausible) to do, then that means the cumulative wealth available out there is literally infinite and currency has no relevant function.
So for currency to be worthwhile and billion-dollar businesses to be viable, there must be finite resources. Furthermore, since humans cannot be trusted to act in the interest of society, then regulation is needed to ensure equitable outcomes and minimize harms.
> Kindly go away and chew on this while you do so: if everyone started their own billion-dollar business like you claim it’s possible (and plausible) to do, then that means the cumulative wealth available out there is literally infinite and currency has no relevant function.
I don't exactly agree with GP, but I would ask you to perform a similar thought experiment: if companies could work the way you claim they should, where are the examples of these companies? Why do even you portray the environment as being full of companies whose primary goal is to exploit their workers?
We live in a remarkable free time, so alternative models should have ample room to grow. And yet, I don't see a flourishing of companies that work under your "better model". Why?
> Companies primary goal is to exploit /everything/, and why wouldn't workers be included/
Yeah, but this isn't true as a blanket statement. Sure, most companies want to be profitable, and I agree "being profitable" is inherently exploitative. However, companies also generally produce useful products, the demand for which is often the primary driver of said profitability (i.e. economies of scale). So, it must be true that companies can often (and frequently do) have a different primary goal: "make a thing which has high enough demand for us to become profitable".
So assuming every company is out to exploit their workers is both narrow-minded and pretty obviously untrue, when given a little thought. It also turns out happier employees make better things--else, why would we constantly have people pushing for better working conditions? Some companies, by definition must meet some minimum bar of providing for their employees. This is often dictated by law, otherwise they will eventually be stripped away in search of "efficiency" (i.e. "profit margins"). However, this is strictly not true of many companies. Many companies go above and beyond the bare minimum when it comes to benefits for their employees.
I know these things because I have experienced them firsthand. I am not the only one who has done so, either, so clearly not all companies are actually exploiting their workers to the same degree. I would even go so far as to point out that some companies do their best to not exploit their workers. Even if this is purely done to differentiate the company from its competition, and serves to attract good employees, this is still a benefit to the employees of said company.
So I pretty soundly reject your hypothesis that all companies' primary goal is to "exploit everything". Not every company is an evil megacorp, and portraying them all as such does no service to the companies that are actually working hard to not be an evil megacorp.
I think the problem is that exploit can mean multiple things, and it’s obviously true that companies want to exploit everything in the non-pejorative sense.
The problem is transforming the word’s meaning in the next sentence to imply they use the resource/personnel unfairly, which is demonstrably untrue as you point out (though it’s certainly the case that for some companies both meanings apply)
Your reasoning is flawed. Potential wealth is infinite. Cumulative wealth at any given moment is finite but growing rapidly.
Currency will always have a function because there will be certain services that will never be infinite, for example getting a massage from another human. Even with infinite resources and robots doing all jobs you can see how currency will still be worthwhile.
> Kindly go away and chew on this while you do so: if everyone started their own billion-dollar business like you claim it’s possible (and plausible) to do, then that means the cumulative wealth available out there is literally infinite and currency has no relevant function.
Nope - the 'free market' would just cause enough inflation to scoop away all that infinite money and make things end up exactly like how they are now. A tiniest minority at the top, living more luxuriously and comfortably than the feudal kings of old by doing less work, an overwhelming majority at the bottom struggling to survive.
> that means the cumulative wealth available out there is literally infinite
There is no limit to the wealth that can be created. For example, if you gave Picasso a canvas and some paints he can turn $50 in supplies into $100,000 in art.
> if everyone started their own billion-dollar business like you claim it’s possible (and plausible) to do
I didn't say everyone. I said "anyone". Most will never try - but the option is available. Nor did I say it had to be a billion dollar business. Just a business. You can start one tomorrow by filling out a few forms and paying the state license fee.
> since humans cannot be trusted to act in the interest of society, then regulation is needed to ensure equitable outcomes and minimize harms.
I've always said the purpose of government is to protect peoples' rights. However, "equitable outcomes" is not possible and every government that tried it failed miserably.
> Now go away
It's a public message board. Feel free to downvote me all you like, though.
Kindly go away and chew on this while you do so: if everyone started their own billion-dollar business like you claim it’s possible (and plausible) to do, then that means the cumulative wealth available out there is literally infinite and currency has no relevant function.
So for currency to be worthwhile and billion-dollar businesses to be viable, there must be finite resources. Furthermore, since humans cannot be trusted to act in the interest of society, then regulation is needed to ensure equitable outcomes and minimize harms.
Now go away and leave me be.