Cream get the money Dolla Dolla bill yall
this post was submitted on 17 Jul 2023
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Not really, since slavery is the ultimate expression of underregulated capitalism.
If you think American corporations don't exploit penal slavery and wouldn't be doing outright chattel slavery if they were allowed to, you're just too naive.
The only thing capitalism loves more than slavery is prison labour. Next up 'undocumented' labour that can be easily exploited. What's next? Oh yes. Child labour.
Perfect system
I wrote it's not wrong but the criticism is wrongly addressed. What you wrote is known and that's why regulations exit. And still we have this kind of slavery. Don't give your regulators a pass here.
I'm not giving anyone a pass. Just because "regulations exist" doesn't mean that all the necessary ones do or that it's because pro-regulation people don't want it. Ever heard of regulatory capture?
They don't call it the Prison Industrial Complex for nothing. It's just as insidious and powerful as the MIC.
Sure, regulators are forced to fix it, but only because unregulated capitalism is completely broken. Capitalism itself is the festering wound, regulation is the band-aid that we stick onto it, to make it not leak bile over the part of the floor that we care about.