> This is the problem, powerful people will be powerful and have an influence on society - through fame, money, etc.
Absolutely, but that's exactly why the government needs to be large and do lots of things. Take minimum wage for example. Assume that tomorrow the government revoked the power to control wages. What happens next?
Fast food chains and big box stores would push their wages as low as the market will bear. Some employees will quit, but a lot will stay because working 80 hours a week and living in abject poverty is still better than literally starving. There's still a minimum wage, it's just now being set by corporate entities that don't (and shouldn't) have any motivations beyond their own company's self interest.
Or maybe the employees unionize. They get organized and set terms for as high a wage as they can extract from the employers. The employee's quality of life goes up, but the business owners now have no recourse but to pay the demanded wages or close. And the new employment contracts start including clauses about mandatory union membership (including dues). Again, a minimum wage is being set by someone, just not someone who has (or should have) any interest in the larger economic repercussions.
The power exists, and it's going to be wielded by somebody somewhere. The government, at least, is ostensibly motivated by the best interests of the populace at large. That interest is, of course, frustrated as often as its honored in the real world. Still, I don't see how taking power from an institution that only intermittently pursues my best interests and handing it to an institution that never does is in any way an improvement.
Absolutely, but that's exactly why the government needs to be large and do lots of things. Take minimum wage for example. Assume that tomorrow the government revoked the power to control wages. What happens next?
Fast food chains and big box stores would push their wages as low as the market will bear. Some employees will quit, but a lot will stay because working 80 hours a week and living in abject poverty is still better than literally starving. There's still a minimum wage, it's just now being set by corporate entities that don't (and shouldn't) have any motivations beyond their own company's self interest.
Or maybe the employees unionize. They get organized and set terms for as high a wage as they can extract from the employers. The employee's quality of life goes up, but the business owners now have no recourse but to pay the demanded wages or close. And the new employment contracts start including clauses about mandatory union membership (including dues). Again, a minimum wage is being set by someone, just not someone who has (or should have) any interest in the larger economic repercussions.
The power exists, and it's going to be wielded by somebody somewhere. The government, at least, is ostensibly motivated by the best interests of the populace at large. That interest is, of course, frustrated as often as its honored in the real world. Still, I don't see how taking power from an institution that only intermittently pursues my best interests and handing it to an institution that never does is in any way an improvement.