Post

Zackly

That’s a really good analogy.

The Two Santa Klaus Theory I'm a nutshell

the problem, regulation can also do those things. like, I can have a regulation that says I must spray chemicals into a place. the reality, you need to have more common sense then to be caught by buzz words.

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Yeah, regulation is a choice. It’s balancing pure profit driving decisions against stifling of new innovation. Each countries seems to have a different tolerance for it.

100%

Yep. And even with regulations, still nimby puts politant creating businesses where lower income people live!! Shameful

It's time the nation had a serious discussion about the morality of "fiduciary responsibility."

There are definitely cases where a legitimate argument exists that regulatory capture has made incumbents unreasonably difficult or impossible to compete with by increasing compliance burden in ways that disadvantage smaller players… but yeah.

It’s mostly true that there’s a trade off between regulation and profits. People on the left too often fall into the trap of viewing profits as something only the wealthy are concerned with rather than synonymous with economic growth. There is no substitute to analyzing individual regulations.

Yes and, allow corps to do anything that results in turing a dollar. That said, deregulation is a necessary evil and important part of the capitalist system but historically it gets abused.

Yep. But part of the problem is that protecting the system from unchecked capitalism tends to also prevent much-needed, but very difficult reform.

Or "pollution".

That's EXACTLY what it is...

The problem with regulation is also that stuff like regulatory capture ultimately defeats the trust in regulators, so then it becomes muddled whether healthcare is actually healthcare or not. The overall tradeoff with regulation is that it in itself can be profit seeking

youtu.be/bMfssjo92G8?...

I would be more open to hearing this discussion if it weren't tech billionaires that were advocating for it

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But that’s a very specific kind of regulation written by members of an industry to protect that industry rather than written to protect the public good. What we should do is go back and look at every regulation the Chamber of Commerce ever spoke kindly about and consider tearing those away.

I agree. The regulations are almost always in place because someone got hurt.

What about Fruit Loops ingredients?

Profit at any cost. Literally the only metric we use to measure public companies. People work to the metrics to which they’re expected to adhere. When the profit metric starts to go in the wrong direction or isn’t going up fast enough, panic sets in.

I completely agree.

Pretty much. Sawdust in the bread, chalk in the milk, carcinogens in the air and the water, and you get thrown in the trash the moment you're crippled because your employer couldn't be bothered to observe minimal safety standards. We've seen it before. Looks like we get to fight it all again.

Where I get stuck discussing this, and trying to advocate for the long view, they brush off that potential future harm as a "stimulus for innovation". It's this infallible belief unbridled capitalism to solve the problems of unbridled capitalism.

If your primary responsibility is to shareholders then you're secondary responsibility is to remove any impediment to profit

If money ruled the world the corporations would pass law, and they sometimes do, that's why deregulation is useful.

Lately I think it’s stupidity that rules the world

So, to speak to your point, I am not against regulation because of the desire for profits. I am against it because I think it harms products and people.

Economy.

Consevatives have used the phrase "job killing regulations" for years. But most regulations are written in blood. Someone died and they made a rule so it doesn't happen again. Can we start saying "life saving regulations" ?

I always tell people who ask “why do we have to do this?” that building codes/OSHA regs (at the very least) are written in the blood of people killed or injured because someone cut a corner to make a little more profit.

Plenty of regulation exists only to protect profits. For example broadband sūcks in so many places thanks to Republican legislation protecting Big Cable oligopoly. Or the US ports which are the most expensive and inefficient in the world thanks to regulations forced by longshoremen and the mob.

The flip side is leading companies in a market asking for regulations so that it increases the hurdles to new players challenging their dominance. Some (not all) regulations exist only to harm profits to enable monopolies

How many will die vs profit