this post was submitted on 05 Aug 2023
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The problem is that capital can and does react to this. Companies will bribe and lobby until they can erode whatever meager guardrails you managed to install, and in the meantime they'll carefully calculate how much they can break the law before the consequences outweigh the benefits.
As long as capital is the main driver of politics this will keep happening. "Take money out of politics" doesn't work, either, because capital will erode or evade those laws, too. You do have to look at moving on from capitalism if you want anything more than a small, temporary change.