Re:U.S. indicts two men for running a $20M YouTube content I...
by pydry on Friday December 03, 2021 @08:26AM
(#29429752)
>Capitalism doesn't forbid sensible regulation
It doesnt forbid but it strongly inhibits. A system under which you are able to acquire vast resources then creates the ability to use those vast resources to sway the political process in your favor.
Even when the regulations exist (e.g. antitrust) regulatory capture will inhibit their enforcement.
It's surprising how many people consider this process to be somehow irrelevant or out of scope when you analyze how capitalism functions. It's a core feature.
It doesnt forbid but it strongly inhibits. A system under which you are able to acquire vast resources then creates the ability to use those vast resources to sway the political process in your favor.
Even when the regulations exist (e.g. antitrust) regulatory capture will inhibit their enforcement.
It's surprising how many people consider this process to be somehow irrelevant or out of scope when you analyze how capitalism functions. It's a core feature.