• Rooskie91
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    2 days ago

    Wow it’s almost like we should have regulated the economy so this sort of thing doesn’t happen.

    Oh, wait.

      • SoftestSapphic@lemmy.world
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        2 days ago

        Regulation isn’t extreme, it’s setting basic rules everyone has to play by.

        Capitalist propaganda making us think basic rules and regulations are extreme is absolutely extremist rhetoric tho.

      • Rooskie91
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        2 days ago

        What the hell are you talking about? They’ve been trying (and succeeding) to deregulate the stock market since the 1960’s. You’ve likely only experienced a deregulated market, so how do you even know what a regulated market it like? Also, we only had the barest minimum regulations to begin with…

        • kbotc@lemmy.world
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          2 days ago

          Regulatory capture would be my obvious. When businesses use the regulatory body that is supposed to regulate them to destroy any competition by making it so onerous to follow the regulations that unless you set up your business before the regulations were put into place, you can’t hope to enter the market, and then abuse consumers and the environment.