Earlier quoted context omitted.
I am not saying no capitalism, I am saying regulation is good. Such as in no child labor[1] and enforced safety standards[2], which yes, slows down innovation but safe lives. Sadly most regulations are made in blood. No regulations are fine and dandy unless you are one of the first 346 to die from Boeing's MAX disaster until the "market corrects itself". Even the EU has been complaining how expensive it is to run rai…
Paper routes and other forms of light work are good for children. The bad kinds of child labour disappear as poverty disappears. No need for any hard regulation there. I actually looked at the reported workplace safety violations and the reported workplace accidents for Tesla a couple of years ago to see whether the reporting was biased against Tesla or not -- turns out it was. It still is.
I'm sorry but that is extremely cold hearted, mostly useless and bordering on the sociopathic. As an excuse for child labour. Just "fix" everything, have enough money and no children will need to work in risky conditions? You should go and tell the DRC government that, as well as the families whose children are dying/poisoning themselves for their whole lives, they would be overjoyed.
It is not a solution in any way a form, it's a desired state. Hard regulations banning these kind of undesirable practices will be an immediate (ish, with time for enforcement) fix and literally save lives.
Is your view similarly useless and sociopathic with regards to all regulations? Building codes are only a chore and increase housing prices, once everybody is rich all housing will be of good quality (until an earthquake or hurricane or poor living conditions strike and kill, but who cares, right?).