The entire capitalism system relies on the capitalists being honest. The problem is that most of them are not.
this post was submitted on 03 Dec 2023
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Exactly. The libertarian talking point that the market and private entities self-regulate because consumers "vote with their wallets" is nonsense. If people are misinformed or not informed at all, then people don't have any choice at all in what is supposedly a free market! As I mentioned in another comment, we know many companies do not disclose what they put into their food products, and this is in spite of regulations also still existing! The Tesco supermarket chain in UK turned out their beef meat has horse meat and none were the wiser until it's too late!
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I mean, I'm not arguing for private companies, but our government is quite spectacularly inefficient at anything except generating prime ministers! Mind you, they may be trying to be worse than the private sector so they cna claim the private sector is more efficient than the government, I guess...
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You should see the companies in charge of the mexican government.
Which government?
Typically this is something I hear more commonly within businesses.
Unsurprisingly the business thinks business is the most efficient way to run anything.
It sort of depends on what the company is doing.
I work for my local government and everybody means well but are hampered by a lack of funding. I complete a statutory required role, that is one of the two key performance indicators and it needs 2 people full time and I'm the only person on it.