Because capitalists don’t like regulations? When you let corporations become the sole driver of the economy, some of them get really big, so big they can easily buy out the people who are supposed to regulate the market.
Why do you think all companies are bending the knee and ass kissing trump? Because you get what you want when you bribe him enough.
iss.europa.eu/…/trump-takes-aim-overseas-extortio…
Also isn’t lobbying legal in the US? It’s almost like the country was made by capitalists assholes to make it easy to subvert regulations.
HasturInYellow@lemmy.world 4 weeks ago
It was regulated. They captured the regulators. That’s the whole point. It could never have gone any other way. Capitalism breeds greed. In everyone. And when a greedy person sees another person doing something highly immoral and abusive to their customers, they don’t think, “my God! We have to stop it!”
They think, “that’s a good idea. How can I get MINE?”
lmmarsano@lemmynsfw.com 3 weeks ago
That’s a criticism of the political system, not the economic one. Government deficiencies not intrinsic to an economic system fail as criticism of the economic system.
HasturInYellow@lemmy.world 3 weeks ago
Explain how to prevent capital from interbreeding with regulation. Tell me how a government could definitely prevent that.
lmmarsano@lemmynsfw.com 3 weeks ago
I don’t need to. You’re criticizing government & pinning the blame elsewhere. Integrity to identify problems accurately costs nothing & frees us from misleading confusion.
Your criticism suggests we should focus on devising political systems less susceptible to corruption & regulatory deficiencies. There are various areas of scholarship & research[^research] that try to seriously answer these questions, but they rarely come up in these dumbass online discussions: those might lead somewhere fruitful.
[^research]: such as political economy & public-choice