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Indeed. The mainstream cultural response to the amorality of corporations was regulation. It wasn't a perfect solution (thanks to regulatory capture), but it wa
by NoGravitas 4y ago
Indeed. The mainstream cultural response to the amorality of corporations was regulation. It wasn't a perfect solution (thanks to regulatory capture), but it was, at least, a reasonable way to balance different interests in society. The point of tech startups seems to have generally been to take an existing regulated industry (taxis, hotels, etc.), sprinkle magic computer dust over it, and claim that now the industry regulations don't apply because now it's a "tech" company. And then, of course, there are also the end runs around general-purpose regulations like the minimum wage and overtime. It's not at all surprising that the results have generally been disastrous.