I’ve been getting emails from places I shopped online despite opting out of these types of emails. Guess we don’t have a way to hold these illegal operations accountable anymore. Good thing I used alias emails so I can disable them.
This has nothing to do with regulatory capture, this is libertarian philosophy in action. Essentially the view that government should never be allowed to regulate industry. And the belief that if businesses are ever doing something most view as wrong, a new company will spring up to make money on fixing it so the problem will go away.
No matter how many times that's been shown to be wrong, many people still believe it.
The best part is they argue in support of it with the tautology of "if it's a problem then a business will fix it. And then someone points out all the problems that business has not fixed, their response is 'see well it must not be a problem'". Completely ignoring all of the structural reasons why it doesn't get fixed.
And that how we get this rampant collection of "data brokers", and all of our data being captured and sold by every platform.
> "This has nothing to do with regulatory capture, this is libertarian philosophy in action."
You mean libertarian "philosophers" enacting their libertarian philosophy by means of a successful regulatory capture... has nothing to do with regulatory capture?
> "And the belief that if businesses are ever doing something most view as wrong, a new company will spring up to make money on fixing it so the problem will go away... No matter how many times that's been shown to be wrong, many people still believe it."
"Many people" is quite an euphemism for "people who benefit from such believes" which includes all business people of any significance along with everyone they pay to spread said believes.
I wouldn't say this qualifies as regulatory capture. Regulatory capture is when an industry embraces the creation of regulations, as it cements the incumbents' position, raises the barriers to entry for new competitors, and precludes deeper regulation or longstanding causes of legal action. The "Fair" Credit Reporting Act itself is a prime example of regulatory capture.
This is more like the wholesale (continued) destruction of the US governments ability to regulate anything. Effectively abdicating our constitutional form of government - nominally democratic and aimed at protecting natural rights - in favor of unrestrained corporate totalitarianism based around the fallacy of individual consent.
I’ve been getting emails from places I shopped online despite opting out of these types of emails. Guess we don’t have a way to hold these illegal operations accountable anymore. Good thing I used alias emails so I can disable them.
Regulatory capture strikes again!
This has nothing to do with regulatory capture, this is libertarian philosophy in action. Essentially the view that government should never be allowed to regulate industry. And the belief that if businesses are ever doing something most view as wrong, a new company will spring up to make money on fixing it so the problem will go away.
No matter how many times that's been shown to be wrong, many people still believe it.
The best part is they argue in support of it with the tautology of "if it's a problem then a business will fix it. And then someone points out all the problems that business has not fixed, their response is 'see well it must not be a problem'". Completely ignoring all of the structural reasons why it doesn't get fixed.
And that how we get this rampant collection of "data brokers", and all of our data being captured and sold by every platform.
> "This has nothing to do with regulatory capture, this is libertarian philosophy in action."
You mean libertarian "philosophers" enacting their libertarian philosophy by means of a successful regulatory capture... has nothing to do with regulatory capture?
> "And the belief that if businesses are ever doing something most view as wrong, a new company will spring up to make money on fixing it so the problem will go away... No matter how many times that's been shown to be wrong, many people still believe it."
"Many people" is quite an euphemism for "people who benefit from such believes" which includes all business people of any significance along with everyone they pay to spread said believes.
I wouldn't say this qualifies as regulatory capture. Regulatory capture is when an industry embraces the creation of regulations, as it cements the incumbents' position, raises the barriers to entry for new competitors, and precludes deeper regulation or longstanding causes of legal action. The "Fair" Credit Reporting Act itself is a prime example of regulatory capture.
This is more like the wholesale (continued) destruction of the US governments ability to regulate anything. Effectively abdicating our constitutional form of government - nominally democratic and aimed at protecting natural rights - in favor of unrestrained corporate totalitarianism based around the fallacy of individual consent.