General Discussion
In reply to the discussion: Nestle Group -"Access to Water Is Not Your Right" [View all]socialist_n_TN
(11,481 posts)so I should be consistent in my views.
And as a Marxist, I don't disagree about the market and, by extension, capitalism being the primary driver for progress. At least for the last few centuries. Even Marx and Engels held to the position that capitalism was a progressive system when compared to slave culture and feudalism. The problem with capitalism comes when it has outlived it usefulness AS a progressive system and begins to consistently do more harm for the masses than good. That point passed a while ago.
You're example actually proves the point. Capitalism and the market have taken economic power and bought political power to the point where even regulation isn't effective in combating the outrages. A slap on the wrist, which is all that most regulations require, is merely a cost of doing business. AND THIS IS THE PROBLEM WITH "REGULATING" CAPITALISM. By it's nature the system will attempt to throw off any regulations put on it because it interferes with the free operation of the system. In this instance, I actually agree with the free marketers. I don't, however, agree with their expected outcomes.
I equate regulating capitalism with riding a tiger. It's VERY difficult to do and you're ALWAYS in danger of being eaten.