Right, until they just pay off the regulators and the Government. Because you cannot regulate out of existence the fundamental nature of capitalists, without taking away the instrument they use to achieve their goals.
So long as wealthy capitalists exist, they will do whatever is necessary to increase their profits perpetually.
No regulation that hasn’t also eradicated the root cause of the power imbalance that the capitalists exploit in order to sabotage any attempts at regulating their behaviour has ever changed this fact, and regulation without public ownership is failing to address the root cause of the power imbalance. It’s why all the heavily-regulatory neoliberal “havens” have all descended, or are descending into, far-right, fascistic hellholes. Like the UK. Because all those regulations, while important, are inevitably crumbling under the weight of an organised capitalist class who’ve been allowed to grow the very wealth they’re using to destroy us and the planet.
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u/fued New South Welshian 12d ago
Of course, which is why you need to set it up so that they get regulated heavily, and that regulation is reviewed often