It would be all massively worst without regulations. In fact, regulation provably works. When you remove it, situation with pollution and health gets worst. If you add it, it gets better.
> What works is the threat of punishment
That is what regulations provide.
> full liability
Without regulation and just a court system, this is complete failure. This just ensure that you can harm people who cant afford expensive lawsuits. Which is why big companies who want to pollute preferer this over regulations.
And the most harmed companies are small ones. They do not know in advance what is allowed and what is not.
Re:How AI destroys institutions
by johnnyanmac on Wednesday January 21, 2026 @09:30PM
(#46714491)
You're mad about loopholes and lack of enforcement. Not the regulations theselves. If you can't enforce it, it's not a good regulation.
And yes, some things do need higher bars to entry than others. That's a feature. You don't want just anyone handling the food you eat or the money you store.
What works is the threat of punishment and full liability as opposed to limited liability. Regulations just raise entry barriers and stifle competition which makes the system less fair. It's like trying to prevent a crime before it happens; makes no sense. If liability is limited it means that somebody is not being held accountable for some portion of the damage that they're doing. Limited liability just externalizes the surplus liability to society...
I think capitalism can work if operating on a level monetary playing field within simple guardrails but without regulations. We could have wealth tax above a certain high amount to prevent political power imbalance.