• alekwithak@lemmy.world
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    2 hours ago

    The examples you’ve given are of a regulatory system that has been captured by private interests. These are the interests that need regulation, they have turned on its face a system that is meant to protect the people from them and are using it to protect themselves from consequences of their own exploitation. Regulation isn’t exploitation by default. Exploitation happens when regulation is written in ways that entrench incumbents or erode civil liberties. The solution is not to get rid of all regulation, it’s regulation that constrains power rather than concentrating it. Your examples are a symptom of what is wrong with the current system, not a demonstration of its function.