Comment by dinfinity
1 day ago
Is it? What is the proof for that?
I think we've seen time and time again that self-regulation of the industry doesn't work and that businesses will gladly fuck over society if they can get away with it and make more money. Usually that behavior is even defended with saying "Well, it's not their responsibility to solve society's issues. They are there to make money."
Barring nationalization of an industry, heavy regulation and/or taxation/subsidizing are the only ways to reliably protect the interests of society. If some businesses get killed in the process, so be it.
»If some businesses get killed in the process, so be it.«
The problem with this attitude is that the rest of the world often doesn’t have these strict regulations and as result, businesses aren’t killed but just leaving the country.
If a business can't be profitable while treating employees, customers, and the environment well, then it going out of business or leaving is not a loss.
And as a result you get monopolies like TooBigTech and you can't compete anyway.
Is that a justification for resuming slavery, child labour and dumping chemicals in our rivers?
Pretty sure you can oppose slavery and support what GP said without significant cognitive dissonance
4 replies →
... Wait, are you suggesting that no-one will want to sell clothes in Europe? Like, this regulation pretty much entirely impacts companies who sell clothes to consumers.