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by BlueTemplar 2050 days ago
No, companies that have billions in profit have grown too big : they can just use regulatory capture to ward off real threats.

The only thing that can be done is to prevent them from getting that big (economic incentives ? limited company life ?) or to shut them down completely (which needs enough popular support for a politician to do this kind of a risky move).

1 comments

Regulatory capture only works if we vote in people who let them do it. It’s not a much different issue to enforcement of rules that stop companies from getting too big or shut them down. The same thing that does or doesn’t let regulatory capture happen also stands in the way of any other government attempt to control the companies.
I've noticed that regulatory capture by lobbies generally happens as a long-term process. Public opinion quickly gets tired/bored of a specific issue, while lobbyists never stop pushing.

On the other hand, a politician that makes one of his/her main goals to shut down (or block if not in US) the GAFAMs (or any other giant company), might be actually able to make a real and long-lasting change.

(Or the other way, to change a few of the most important laws that describe how ALL companies can function – also could be a main policy point.)