3 ms·

It's broken by design. AKA regulatory capture by business. Ever since America made corruption (paying money to politicians) legal it's just been downhill. Enjoy

• fallingknife 4y ago
  Regulatory capture has nothing to do with corruption. Regulatory capture is when businesses benefit from complex regulation because the competitive moat that the regulation gives them is more valuable than the cost (so high that only huge companies can afford it) to comply. Large businesses like moats and regulators like to regulate. No coordination required. Actual corruption, at least in the US, is much less common.