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571 points gausswho | 1 comments | | HN request time: 0.001s | source
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pjmlp ◴[] No.44507998[source]
The consumer protection laws are so bad the other side of Atlantic.

Most European countries, have their own version of consumer protection agencies, usually any kind of complaint gets sorted out, even if takes a couple months.

If they fail for whatever reason, there is still the top European one.

Most of the time I read about FTC, it appears to side with the wrong guys.

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b00ty4breakfast ◴[] No.44508075[source]
neoliberal deregulation and regulatory capture, not necessarily in that order, has basically killed federal consumer protection in the US.
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scrubs ◴[] No.44508254[source]
And it can get worse. Over shooting right (left) invariably leads to overshoot left (right) which we absolutely do not need either.

The American sense (when we get off our butts and do it) is common sense, slowly changing law that always apportions control in equal parts to accountability.

It's the last part that is more galling (because increasingly we've failed) and ultimately will be the more decisive in any future inflection point.

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idiotsecant ◴[] No.44508576[source]
I think the century of American dominance is probably over. Maybe we can fight our way back to having a functional government, maybe not. I think either way our position in the world order is already diminished and will steadily diminish further. I can see a future where America is a strange backwater, reliant on resource extraction and rules over by a grubby and constantly shifting mafia state.
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ptero ◴[] No.44508737[source]
As an American, I would welcome the world without American domination. Or without any single country domination for that matter. Competition of systems is good for the world.

It doesn't need to turn the US into some grubby mafia state. It could, but I think it is unlikely. But the road for both the US and the world IMO goes down before it goes up as many systems and alliances around the world that depend on US domination shift or crumble. My 2c.

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ordinaryradical ◴[] No.44508872[source]
If it’s not America it will be China and I don’t think you want to live in that world.
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dinfinity ◴[] No.44509132[source]
Depends on how far down the US is going to slide. It's sadly well underway to become much, much worse than China is (or will become).
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scrubs ◴[] No.44509730{3}[source]
It's not clear to me that China is batting that well. I do not wish bad upon the Chinese citizenry, and China has done well in its own day since the 1960s.

But don't forget at the same time where China was during the end of the British power, nor Chinese revolutions, nor the state control over the Chinese populace.

Although the US vastly overweights what we think non-US-democracies would do (think Middle East and our meddling there) given the chance for US like freedom, I do not think we're seeing China in the natural so to speak. HK, for example, was not pleased with the "two systems one country" rule the CPP landed on.

Add in the fact that trade can no longer be assumed to be Chinese central, and China is slowly getting dragged into wars through Russia, and China still hasn't tried its mettle with Taiwan. A post invasion China will hit different. It's got internal issues of employment, real estate, have v. have nots ... it's got its hand full.

My guess is that China, like the US is seeing now on stretches, will be the master of its own demise. In the US a major contributing factor to Trump is the fact the US Congress has become an institutional zero especially since Gingrich. That power vacuum has been filled by the Executive branch under Trump. There's more to it of course, but this two-part crisis is an important matter to keep in mind.

China takes its state craft more seriously in some sense, but that seriousness may get it into trouble. And in fact, several articles in the Economist have argued that if China wants to keep 5%+ YOY GDP growth, the CCP will have to take a back seat which is the one thing it will not do. CCP political power is foremost; good economy is damn nice to have to when you can get it -- and the CCP will go after it hard -- but there are limits ...

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1. rapind ◴[] No.44510478{4}[source]
> US Congress has become an institutional zero especially since Gingrich.

This and Citizens United.