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Close. There are no incentives for a government or a standards body to malign profit for the sake of anything other than longer-term profit. So, capitalism does not work... in any configuration.

If regulation truly worked we would not be so fucked with regards to our rape of the Earth.

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Without regulation we would be much worse off. There is a lot of room for improvement though

I'm not against regulation. I'm against thinking you can regulate the exploitation out of an inherently exploitative system.

I think you can regulate it to an acceptable level. But that would require politician courage to stand up against the capitalists.

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