In the last 5 to 10 years everything seems to suck: product's and services quality plummeted, everything from homes to cars to food became really expensive, technology stopped to help us to be something designed to f@ck with us and our money, nobody seems to be able to hold a job anymore, everyone is broke. Life seems worse in general.
COVID factored in because the handful of corporations that own a shit ton of companies figured out 8% inflation could be used as justification to double/triple prices, and if they all did it, consumers had no options.
In regulated capitalism, the government would step in to prevent this type of price fixing.
But when both political parties are "pro business" and take donations from those huge corporations...
Then corporations get away with lots they shouldn't
I looked at some of those, and it's private citizens suing corporations...
Even the rent one with the DOJ, it's just them becoming involved in private lawsuits...
That's not the same as the government regulating capitalism.
And while that one is sort of related to the topic, not really. It's because the price fixing is automated by a computer program a bunch of landlords used.
In the future if you only give one link and some kind of explanation other than "like this?" The person you replied to can probably do a better job of helping you understand.
But the government doesn't regulate capitalism, they are owned by the capitalists. So many laws exist because corporations paid for them to, moreso in recent years but it was still bad 50+ years ago, just look at how successful the tobacco industry is.
The US has this bizarre setup where we "regulate" companies through the courts rather than directly through government agencies (this is not always the case, but it often is). The problem is that even when this "works", i.e., the court punishes the company, they get a fine. So it becomes a financial decision: if we can get away with this, does that outweigh the risk that we might not? Sometimes it ends up profiting the company regardless.
Related to this is that prosecutors have total discretion in the realm of plea deals. If you do a crime here, it becomes a negotiation with the prosecutor. What can you offer them to get off the hook? Sometimes it makes sense to do a crime, because the advantages you gain become leverage to negotiate your way out of punishment.
Related to this is that prosecutors have total discretion in the realm of plea deals. If you do a crime here, it becomes a negotiation with the prosecutor.
I agree with you. The justice system should not be "let's make a deal."
The US has this bizarre setup where we “regulate” companies through the courts rather than directly through government agencies (this is not always the case, but it often is).
I'm afraid that I don't understand what sort of alternative system you have in mind.
Basically do what Europe does. Government regulators actively monitor companies and stop them from misbehaving, rather than waiting for them to misbehave and then sue them. If they don't follow regulations they get disbanded. It's not perfect but it's better than what we have here.