this post was submitted on 18 Jul 2024
505 points (99.6% liked)
Technology
59534 readers
3183 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I think that’s mostly driven by regulatory capture and the fact that lobbyists can drive regulation. If our government actually worked for the people, we could actually enforce monopoly laws, and the SEC (or equivalent in countries besides the US) would actually prevent mergers that threaten competition. The government is supposed to prevent this kind of behavior, but they have basically been bought out.
As for how to stop that from happening, I’m not sure. I think it would require at least getting rid of the two party system, because that stifles competition in the governance space. That means that even though there are probably lots of voters who would vote for a real candidate who would break monopolies, there is no such candidate available. But in order for that to work we would have to switch to a different voting method, like ranked-choice (or one of the even more fair ones).