Capitalism with its unrelenting drive to maximum profits at all costs will always eventually erode regulations, or capture the regulatory bodies. We had more regulations, more unions, and higher taxes before. They were put in place in response to the excesses of capitalism in the early 1900s, and capitalists eventually found ways to undo a lot of them. We need different systems with different incentives, or keep repeating this cycle.
Capitalism with its unrelenting drive to maximum profits at all costs will always eventually erode regulations, or capture the regulatory bodies. We had more regulations, more unions, and higher taxes before. They were put in place in response to the excesses of capitalism in the early 1900s, and capitalists eventually found ways to undo a lot of them. We need different systems with different incentives, or keep repeating this cycle.