Comment by gbacon

A contract formalizes the terms of an agreement: “I will provide X in exchange for you providing Y.” In the event of a dispute, the contract provides an objective record of what both sides committed to performing. This is how free people transact business. The people who want to sign their name to one agreement but then have a strong-arming outsider change the terms — allegedly in the name of “fairness,” “social welfare,” or some other aggressively undefined abstraction that may be manipulated “to mean anything or nothing at pleasure” — are expropriating parasites. They demand to replace clarity and order with “progress,” itself an undefined term with no end state and an infinite playground for radical revolutionaries. Throughout history, this has been a recipe for tyranny. Every accusation is a confession.

The state does not and cannot “provide competition.” The regulatory frameworks put up are inevitably captured because the witless regulators are intellectually undermatched. The allegedly independent but captured philosopher-kings now do the bidding of their corporate masters under color of law. Instead of realizing the gigantic systematic error, radical revolutionaries want to be even more destructive and bring out their sledge hammers to forcibly break up companies, even if doing so harms consumers.

This is not how free people deal with one another. Let peace and freedom cause a thousand flowers to bloom. Stop making it difficult for new competitors to enter the market. Get out of the way.

But we have to have common ground from which to start. If merely committing terms of an agreement to writing is alleged to be tyranny, so absurd that it’s hard to believe that anyone holds such a position in earnest — if the two camps cannot agree enough on the rules of the game to write them down, then they have no hope of uniting in a peaceful society.