Blaming the ineffectiveness of Congress on the "capital-owning class" is a convenient, but lazy way to defect the blame to a place where you can pretend you don

Blaming the ineffectiveness of Congress on the "capital-owning class" is a convenient, but lazy way to defect the blame to a place where you can pretend you don't have any control. Did you forget our that the government gave trillions of dollars in stimulus/unemployment during the pandemic? The problem is that politicians act in ways that are more likely to be elected and voters are shallow. Throwing money at a problem is easy and creates good publicity, so that still gets done. Actual effective regulation is boring, so it's just as effective for politicians to simply grandstand against big tech companies. Corporations are powerful enough to convince politicians that a proposed bill will cost them votes in the long term, but not much else. For example, Facebook, despite being one of the most heavy lobbying spenders, has spent even more money establishing their content Oversight Board. If they could actually buy politicians, we'd have more regulation that happens to benefit big tech. Both the Republican solution of not allowing social media companies to censor content and the Democratic solution of creating more rules for moderate disinformation are beneficial to Facebook because they can offload some of the responsibility of moderation to the government.