American here: here's the deal: regulation slows things down and consumes resources both for the regulator and the regulatee. The deal is: either corp X is acco

American here: here's the deal: regulation slows things down and consumes resources both for the regulator and the regulatee. The deal is: either corp X is accountable, responsible for the control they exhibit or want, or in the vacuum for lack of, a regulator does it for you. Neither happens. Why? Institutional weakness. The top dog of shirking responsibilities is the US Congress. Whether it's outsourcing wars to the executive branch, 1990s deregulation, or failure to make any serious updates/changes to any of the big issues ongoing since the 1980s: - immigration - current account deficit - debt - guns - tax avoidance by corps (I've been in Apple's Cupertino headquarters. How in the hell is it based in Ireland for tax purposes?) corporations run wild. How in heck did the Sackler's not follow FDA guidelines and release a drug without criminal/civil consequences? Why is it that if you/I commit financial fraud we're nailed to the wall, but when Wells Fargo's employees do so there's no criminal consequences? Recall, they opened credit cards in customer's names due to internal compensation and incentives. Banks launder money and are not shutout of the US banking system? In other cases, banks report suspicious transfers and the Treasury doesn't follow-up. How are corps enabled to continue to hide behind off-shore shells? How can the Sackler's divest and separate dollars as law suites work up the court appeals process, and still keep it? The issue is not that corps are evil, or that capitalism is bad. The issue is that since 1980 the pendulum has swung too far in corp's favor, while regulators have failed to respond in kind. We need to bring it back center. Good god: if I was a share holder at JPMorgan and saw the money they spent on internal lawyers to defend themselves against the 2008 financial company I'd be pissed. Meanwhile people running for the Senate or the House run the same lame game during elections: - I am an outsider (b/c Washington's rep is crap) - I will make changes once in - But almost all House bills die in the Senate so net nothing happens. So the whole of Congress is always lost in the fog of the perpetual future.