3 ms·
> vast monopolies which have achieved regulatory capture I agree that this is a key issue, but the solution is simple: don't give governments the powers they w
by pdonis 3y ago
> vast monopolies which have achieved regulatory capture
I agree that this is a key issue, but the solution is simple: don't give governments the powers they would need for regulatory capture to work. Unfortunately, this solution is vilified by the very same monopolies who don't want to give up their privileged position, so it is extremely difficult for it to get traction. (And as far as the leftist ideas of Varoufakis are concerned, they make this problem worse, not better: in the kind of system he envisions, the entire economy is regulatory capture.)