It was regulated. They captured the regulators. That’s the whole point.
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.
It was regulated. They captured the regulators. That’s the whole point.
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 5 days ago
Explain how to prevent capital from interbreeding with regulation. Tell me how a government could definitely prevent that.
lmmarsano@lemmynsfw.com 5 days 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
HasturInYellow@lemmy.world 5 days ago
I am constantly bewildered by you people who act like these things are separate, unrelated ideas.
What do you fucking mean I’m criticizing government and not capitalism? Is regulation of the economy unrelated to the economic system? Does that economic system not impact the effectiveness of various methods of regulation? Why do you feel you can just sidestep questions and claim it’s unrelated?
lmmarsano@lemmynsfw.com 5 days ago
Welcome to logic. If you think they’re the same thing, then criticizing the government should make no difference to you.
Exasperation & incredulity when your questionable assumptions are questioned isn’t a valid argument. Neither is trust me, bro. No one owes you their uncritical faith. If lack of uncritical faith in your dubious assumptions bewilders you, then you should expect constant bewilderment.
An economic system can exist under different types of regulatory political systems/governments, and the policies can vary. They’re clearly not the same thing.
I already pointed out scholarly fields that study their interaction & address your questions in a more serious way. If want to keep pretending there is no distinction & lack the curiosity to pursue the more serious scholarly work on the topic, then your mind is made up, I think you’re here being intellectual dishonest, and I doubt you’re seeking truth.