[tick_tock_tick]

> The problem isn’t regulation, but regulatory capture ensuring companies get the regulations they desire and benefit from.

Aka regulation..... Nearly all regulation is for regulatory capture and if you think of something that isn't it probably just outlived who it was designed to capture for.

[stego-tech]

That’s an incredibly nihilistic and naive way of viewing regulation. Pre-Reagan but post-Depression, much of the regulations passed were beneficial to society and harmful to Capital interests: forcibly dividing investment banking from retail, for instance, to protect consumer deposits; the FDA, for gradually weeding out snake oil “cure-alls” and ensuring the safety of foodstuffs; eliminating child labor, setting livable minimum wages, creating overtime rules, protecting Unions and workers; safety standards for buildings like fire sprinklers, protected evacuation stairwells, engineering rules and sign-off requirements; and on, and on, and on.

Regulation is overwhelmingly positive, but the past fifty years have been a deliberate demonstration of the frailty and abusability of regulations by entrenched capital via regulatory capture, mainly to create people who (often unknowingly) champion a return to flammable mattresses, tainted foodstuffs, and corporate monopolies in the name of deregulation.

Regulations are a tool, a tool that can be wielded for the benefit of society or the benefit of Capital. It’s up to the electorate to be educated enough to advocate for proper use of said tool, rather than ignorantly swallow propaganda to let Capital run roughshod with them.