Companies still dump untreated waste water right into water ways even with regulation. I just see it an endless chase of the capitalists one step ahead at all times at least, often more because it takes time to draft regulation. Capitalism has only brought “prosperity” to a few from the continued exploitation of others. It still believes growth infinite in a closed system.
I think punishments of anything to that degree of bad should be immediate bankruptcy with a ban on holding any C suite position for the rest of your life or face that ban in prison. We’re not harsh enough on them, and so they feel like its not a problem even if they get caught.
No matter what, if you can buy and sell ownership as a shareholder, then you have a fundamental misalignment from the direct stakeholders of a firm. This is why I find unions and regulations to be band-aids.
A capitalist system is fundamentally misaligned and it will always work to undo those regulations with capital accumulation and regulatory capture. The only way to fix that is to require direct stakeholder ownership whether that be worker-consumer coöps, syndicates, public ownership, or what have you. The ownership and decision-making must needs be aligned with the people benefitting or who are otherwise impacted by the operations of a firm. That is Socialism and that is not the regulation bandaids that Liberalism trys to paste over Capitalism’s flaws and cracks.
Then you’re not regulating it properly are you?.. there are tons of regulations in play that do work.
Companies still dump untreated waste water right into water ways even with regulation. I just see it an endless chase of the capitalists one step ahead at all times at least, often more because it takes time to draft regulation. Capitalism has only brought “prosperity” to a few from the continued exploitation of others. It still believes growth infinite in a closed system.
I think punishments of anything to that degree of bad should be immediate bankruptcy with a ban on holding any C suite position for the rest of your life or face that ban in prison. We’re not harsh enough on them, and so they feel like its not a problem even if they get caught.
It will always be a fight of capital in politics that the c-suite would push to prevent this.
No matter what, if you can buy and sell ownership as a shareholder, then you have a fundamental misalignment from the direct stakeholders of a firm. This is why I find unions and regulations to be band-aids.
A capitalist system is fundamentally misaligned and it will always work to undo those regulations with capital accumulation and regulatory capture. The only way to fix that is to require direct stakeholder ownership whether that be worker-consumer coöps, syndicates, public ownership, or what have you. The ownership and decision-making must needs be aligned with the people benefitting or who are otherwise impacted by the operations of a firm. That is Socialism and that is not the regulation bandaids that Liberalism trys to paste over Capitalism’s flaws and cracks.