That’s not unregulated capitalism, it’s mixed regulatory, with regulatory capture capitalism.
Unregulated would mean that I could set up a lab in the basement of the abandoned farm building next door and produce untested insulin cheaply enough to undercut the whole market.
There are semantic arguments that run counter to this but we absolutely could have a system that resembles our current one but with regulations for the truly insane exploitation.
Well yes, it’s called unregulated capitalism
That’s not unregulated capitalism, it’s mixed regulatory, with regulatory capture capitalism.
Unregulated would mean that I could set up a lab in the basement of the abandoned farm building next door and produce untested insulin cheaply enough to undercut the whole market.
Someone gets it…we don’t have capitalism, we have a system where regulations are used by corps to buy politicians to kill their competitors.
The invincible ham of the free market will sort itself out
I’m not sure you can regulate exploitation out of capitalism, it’s essential to making a profit.
There are semantic arguments that run counter to this but we absolutely could have a system that resembles our current one but with regulations for the truly insane exploitation.