Earlier quoted context omitted.
> we shouldn't be giving this much power to institutions. In a democracy, the government derives power from us, the people. In a good and functioning democracy there exists other democratic institutions to ensure that the government cannot abuse the powers granted to them. "Vote with your wallet" is a disingenuous argument were all the corporates work together like a cartel towards a particular business model that ma…
> In a good and functioning democracy (...) institutions to ensure that the government cannot abuse the powers granted to them. This is the idealistic view. In the real world we have people in power, with their own personal interests, with institutions that are ever more distant from the people and with ever less consequences to face when they do wrong. The one exception is perhaps Switzerland, and this would be more…
You work with the reality you live in, but you do strive for idealism. If you don't, you stagnate as the society rots.
The reality today is that in some democracies the balance of power has shifted from the people to the corporates. And that's unacceptable. Thinking that this is what's the best achievable in your democracy is just nihilistic and pessimistic attitude. Sitting silent is not an option. Regulation is one of the tools through which the government restores the balance between the corporates and the people. And it is possible to strike the right balance between the greed of the corporates and the need of the people.