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How is this allowed to continue? Parasitic capitalism. The regulatory bodies have been in a captured state for a very long time in the U.S.
by arbitrage 5y ago
How is this allowed to continue? Parasitic capitalism. The regulatory bodies have been in a captured state for a very long time in the U.S.
- puffoflogic 5y agoThis is why 'regulatory bodies' are fundamentally a scam. Tort law remains the worst way to prevent these kind of abuses, except for all the others that have been tried. But the same scam artists (lobbyists, politicians) who convince the public that what we need is just a little more regulation also engage in "tort reform" and it's no coincidence that means removing private causes of action.
- pessimizer 5y ago"Tort reform" people are also "less regulation" people in every case I can think of. What they usually claim they're for is "better enforcement" while also defunding and reducing the scope and powers of regulatory agencies.