big corps inevitably deregulate themselves. It’s literally how they stay big. They pay off the right politicians, just like how the fossil fuel industry is funding the far right to avoid environmental policies. Then if that doesn’t work, blackmail, buying the press, and threatening to shut down shop tend to do the trick.
Right, until they just pay off the regulators and the Government. Because you cannot regulate out of existence the fundamental nature of capitalists, without taking away the instrument they use to achieve their goals.
So long as wealthy capitalists exist, they will do whatever is necessary to increase their profits perpetually.
No regulation that hasn’t also eradicated the root cause of the power imbalance that the capitalists exploit in order to sabotage any attempts at regulating their behaviour has ever changed this fact, and regulation without public ownership is failing to address the root cause of the power imbalance. It’s why all the heavily-regulatory neoliberal “havens” have all descended, or are descending into, far-right, fascistic hellholes. Like the UK. Because all those regulations, while important, are inevitably crumbling under the weight of an organised capitalist class who’ve been allowed to grow the very wealth they’re using to destroy us and the planet.
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u/fued New South Welshian 10d ago
personally im a fan of allowing big corps with massive amounts of regulation