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> but all it has done is provided more ways for private companies to extract money from the general population. Then the system is operating as it was designed
by avidphantasm 3y ago
> but all it has done is provided more ways for private companies to extract money from the general population.
Then the system is operating as it was designed to. This is the coercive law of competition in action. And regulation won’t help in the end. Ultimately, without an overarching ideological project beyond capital accumulation, the motivation to accumulate wealth dissolves all social bonds that enforce trustworthiness, so regulation is doomed to fail
due to bribery and petty corruption.
- XorNot 3y ago"Laws are sometimes broken therefore why even bother having laws?" We don't make murder legal because it still happens, and the existence of corruption doesn't make regulation a bad idea - it means we need to clamp down on corruption. White collar crime has good PR representation, and that needs to stop.
- a1o 3y agoI think both of you are correct, but what this implies is a different system - we would need to put resources into figuring it out how this system would work.