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What they actually have is an inordinate power to lobby governments. No army of lawyers would save them from actually effective regulation.
by surgical_fire 1y ago
What they actually have is an inordinate power to lobby governments.
No army of lawyers would save them from actually effective regulation.
- eru 1y agoVoting with your feet will save you from that. Of course, if you want to do business in country X, you are subject to the laws of that country X. But otherwise, you can leave that country and settle down elsewhere and do your business there. No matter how 'actually effective' that regulation is. (Unless you do an 'East Germany' and don't allow people to leave.)
- surgical_fire 1y ago> Voting with your feet will save you from that. When relevant countries act in tandem, it would work. I would really like to see a billionaire vote with their feet to protect their wealth by moving ro Somalia or something like that. A country can also limit their ability to operate from abroad when they move. In real life, value producing is inherently tied to the society which allows value to be produced.