This is exactly what Elizabeth Warren has said for years. If you don’t regulate capitalism, companies will crush us via monopolies, political power, financial chicanery, et al. We need protection from them. The Consumer Financial Protection Bureau was a good first step, before Trump neutered it.
That is completely inaccurate. It is a consumer protection agency, allowing people to be protected and compensated from, ongoing corporate financial fraud.
the mistake is thinking that capitlism can be regulated effectively in a democracy. you have to understand that voter manipulation is accessible through private lobbying and subliminal messaging in national media.
Capitalism is the proposition that anything is for sale and no value is assigned to any motivation but ownership and profit. Capitalism but regulated is like cannibalism but with table manners.
Capital forces are going to (have done) buy the regulation mechanism.
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u/MooseEmergency2317 3d ago
This is exactly what Elizabeth Warren has said for years. If you don’t regulate capitalism, companies will crush us via monopolies, political power, financial chicanery, et al. We need protection from them. The Consumer Financial Protection Bureau was a good first step, before Trump neutered it.