The core problem is too much regulation and the associated bureaucracy and legal percussions that come with it.
Regulation is always presented as a tool to 'protect the public' but usually just serves to protect the wealth of the leading players.
Anything that is regulated moves into a state of deadlock and now most industries and our society as a whole are in this state. Most don't dare to do anything entrepreneurial, because there are legal percussions waiting for almost any meaningful economic activity you could initiate.
A highly mobile free market capitalistic system is a threat to those in power. They don't want more bold entrepreneurs who could compete and potentially endanger them. They want people who do their jobs 9-5 and then go home and watch TV.
If we want to move out of this society-wide paralysis, we need grassroots political movements who systemically disassemble the regulatory walls that have been built over decades and centuries.
People need to wake up to the fact that regulation isn't meant to serve them but is intended to keep them at the bottom. Because when the current market leaders of an industry rose to power, there was no regulation yet, which made their success possible in the first place.
If you argue that this is how things should be, namely that industries should only be unregulated in the beginning and then become regulated once you have a few dominant market players, it creates a big problem: It means that we carry a long tail of highly inefficient industries with us, because regulation makes new competition so much harder in these 'older industries'.
I think we can see that today with industries like mobile carriers for example. Basically an oligopoly which dictates prices and creates huge shareholder profits year after year.
Each industry is a pillar of society and we need to break open these 'older industries' which were heavily regulated and have them catch up to the status quo through new competition. That means going head to head against a lot of people who have a lot of capital at their disposal to prevent that from happening.
Regulation is always presented as a tool to 'protect the public' but usually just serves to protect the wealth of the leading players.
Anything that is regulated moves into a state of deadlock and now most industries and our society as a whole are in this state. Most don't dare to do anything entrepreneurial, because there are legal percussions waiting for almost any meaningful economic activity you could initiate.
A highly mobile free market capitalistic system is a threat to those in power. They don't want more bold entrepreneurs who could compete and potentially endanger them. They want people who do their jobs 9-5 and then go home and watch TV.
If we want to move out of this society-wide paralysis, we need grassroots political movements who systemically disassemble the regulatory walls that have been built over decades and centuries.
People need to wake up to the fact that regulation isn't meant to serve them but is intended to keep them at the bottom. Because when the current market leaders of an industry rose to power, there was no regulation yet, which made their success possible in the first place.
If you argue that this is how things should be, namely that industries should only be unregulated in the beginning and then become regulated once you have a few dominant market players, it creates a big problem: It means that we carry a long tail of highly inefficient industries with us, because regulation makes new competition so much harder in these 'older industries'.
I think we can see that today with industries like mobile carriers for example. Basically an oligopoly which dictates prices and creates huge shareholder profits year after year.
Each industry is a pillar of society and we need to break open these 'older industries' which were heavily regulated and have them catch up to the status quo through new competition. That means going head to head against a lot of people who have a lot of capital at their disposal to prevent that from happening.