this post was submitted on 17 Jul 2023
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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.