- cross-posted to:
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- cross-posted to:
- [email protected]
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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.
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.
The invincible ham of the free market will sort itself out
Yet there are millions out there who will defend this by voting for it although it is against their own interests. Then they blame it on those who want to stop it.
If only there were some way to make medical insurance completely obsolete and save the US billions of dollars…
companies created a “perverse drug rebate system”
Couldn’t have said it better myself.
