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Oil And Gas Companies Shirking Responsibility For $123 Billion In Cleanup Costs: Report
(www.readthemaple.com)
this post was submitted on 02 Aug 2023
248 points (98.4% liked)
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True free markets don't exist here, or almost anywhere in the world (thankfully). But that doesn't mean that free market tendencies don't happen. Lots of companies take advantage of the countless loopholes and blind spots in the regulations that exist, and in those places act like a free market.
Two big examples are lobbying and lawsuits. Both are things that give you massive advantages just by having a lot of money to push around, and both that tend to be pretty consequence free if done right.
I don't deny that the rich use blatantly illegal methods as well. You'd be amazed at how much sexual violence is committed in the entertainment industries. Lots of powerful people in that industry do that sort of stuff so they have blackmail material on up and coming talent in case they try to report on the stuff they witness. It's one of the reasons why so many of them suffer from mental issues.
Lobbying and lawsuits both involve government intervention in business affairs. That's the opposite of a free market.