This isn’t a problem with capitalism, it’s a problem with governments. If we eliminate government entirely (e.g. anarcho-capitcapitalism), there are no regulations, thus no regulatory capture
No, in that case you would just have large existing corporations hiring hit squads to kill potential competitors instead which is obviously much better /s The desire to do what regulatory capture does originates in capitalism, not in government, government just turns it from a violent action into one of bureaucracy.
I do believe government is necessary, I’m just saying that the more government is mixed with the economy, the more special interests will be able to interfere. So government should be very careful how it solves problems.
No, in that case you would just have large existing corporations hiring hit squads to kill potential competitors instead which is obviously much better /s The desire to do what regulatory capture does originates in capitalism, not in government, government just turns it from a violent action into one of bureaucracy.
Hence why I said there would be obvious problems.
I do believe government is necessary, I’m just saying that the more government is mixed with the economy, the more special interests will be able to interfere. So government should be very careful how it solves problems.