Now that they have amassed sufficient wealth, they have started to use it for regulatory capture. Lobbying, an end to progressive taxation, trickle-down economics, Ciziens United, and now their own pet fascist president. They are reasserting their *political* dominance of old, using fascist methodology.
#fascism
#RegulatoryCapture
#lobbying
#CitizensUnited
#ProgressiveTax
#feudalism
#neofeudalism
Exploiting this distraction, the wealthy capture the government apparatus and turn it in service of ever more rapacious extraction, with the end result being the mass removal or extermination of disadvantaged citizens while their wealth and power is harvested by the wealthy.
#RegulatoryCapture
#MassTheft
#Disenfranchisement
#fascism
#ConcentrationCamps
#DeathCamps
Corporate greed and state ‘capture’ - Grenfell as one example
It appears settled that a significant part of the blame for the deaths at Grenfell were down to greed and fraud. Cladding on other flats has made many worthless/unsaleable. As time ticks by, action to hold these comfortable well paid killers to justice remains elusive.
Will any government grasp the nettle?
The thought occurred that academic or research capture might be A Thing, akin to #RegulatoryCapture. And ... apparently the former is:
"Academic capture in the Anthropocene: a framework to assess climate action in higher education" (2024)
By Paul Lachapelle, Patrick Belmont, Marco Grasso, Roslynn McCann, Dawn H. Gouge, Jerri Husch, Cheryl de Boer, Daniela Molzbichler & Sarah Klain
https://link.springer.com/article/10.1007/s10584-024-03696-4
Would fen-phen have been banned by today's FDA? Has regulatory capture reached the invulnerable pharmaceutical corp stage, yet?
We'll find out by how long it takes Wegovy / Ozempic to get banned.
There is literally no amount of lead that is safe for human consumption, and definitely not safe for human development.
Food safety failure seems to be a feature in the United States.
FDA sets new lower levels for lead in baby food — critics say that’s not enough
https://www.cnn.com/2025/01/06/health/lead-baby-food-fda-wellness/index.html
@primonatura
Sub headline reads “This is not normal.”
Funny, as I read the article it appears this is SOP, normalized by a complete failure to enforce existing regulations and a complete failure to update regulations to address changing manufacturing processes.
Why are so many people happy to poison children, the environment, themselves just so the very wealthy can pocket more money?
@1br0wn We saw how well #RegulatoryCapture went for #Boeing . Can't wait for #AutonomousSelfDrive cars (and rockets and tanks). Also, there's #Neuralink, it's a shame it's not already implanted in every newborn. Think of all the money we'd save if we defund the FDA, and just let companies approve their own products.
Those in the finance/payments industry in the UK have been dismayed the last few months to see the "Faster Payments System" i.e. instant bank transfers, dismantled by the Payment Services Regulator to turn them into "slower payments" due to huge prevalence of scams and trying to make these payments "insured" for victims. https://www.finextra.com/newsarticle/44831/uk-payments-could-be-delayed-up-to-three-days-to-prevent-fraud
Well-intentioned perhaps but interesting case study of #RegulatoryCapture as this clearly favours the biggest (CMA9) banks as well as the card schemes
Die Geschichte der #Chatkontrolle ist auch fest an die angeblich wohltätige Kinderschutzorganisation #Thorn von #AshtonKutcher gebunden. Dieser traf sich mindestens ein Dutzend Mal mit #YlvaJohansson & Co.
Neben dem Kinderschutz geht es da aber auch um knallharte Finanzinteressen: Diese Startup-ähnliche Organisation verkauft nämlich Software, mit der genau das gemacht werden kann, was die Chatkontrolle fordert. So ein Gesetz wäre eine Goldgrube: #RegulatoryCapture.
Criticize capitalism on here and someone is sure to jump in and tell you we just need to regulate it better. Arguments involving regulatory capture are tempting as a response to this nonsense, but that's a trap. The claim that something can be captured assumes that at some point it was free. The very concept of regulatory capture assumes that at some point in the past regulations worked to rein in capitalism.
This is true in a limited sense, but they never have and never will work for the good of the working class. In the US at least, and I suspect everywhere, regulatory schemes have always been about disagreements between ruling class factions about how best to sustainably exploit labor.
The pure food and drug act wasn't enacted to protect people from rapacious capitalists poisoning them for profit, but to protect more far-sighted capitalists from the rebellions and other disruptions that profitable poisoning threatened to bring about. It's the same story with the environmental protection agency and the rest of them. Slavery wasn't abolished to protect enslaved people but because some capitalists understood earlier than others that slavery wasn't a sustainable means of labor exploitation.
Regulatory schemes may work better or worse through history, but this is a function of how exploitable they are at any given time rather than their having worked before but failing now. The regulators can't be captured and made to work against us because they never worked for us and they never will. Capitalism can't be tamed by laws because capitalists control the entire legal system, from legislatures to courts to cops.
New from @STAT's Casey Ross and me:
#Microsoft has helped organize at least 4 efforts to set standards in #healthcare #AI. Is that problematic?
also: did I sneak a history of the EPA's TSCA into a story about AI? 
click to find out
Kudos to #SydneyMorningHerald for an honest headline! The only improvement would have been to name 3M.
#ForeverChemicals #PFAS #ToxicInc #3M #RegulatoryCapture #IndustrialDisease
One thing I never expected in February of 2020 when the Covid shit was hitting the fan:
The abject capitulation of the Centers For Disease Control and the utter destruction of its then-very-good reputation.
A classic example of #RegulatoryCapture. The #fossilfuels industry has captured #cdnpoli and #bcpoli big time. https://thenarwhal.ca/coastal-gaslink-clore-river-dfo/
Long thread/20
"High court pins equal blame on government for nuclear disaster"
Long thread/16
as in 
