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No, it doesn't. Capitalism needs to be managed, just like any other economic system.
It does, and I explained how. If a business does something inherently bad, or destructive, people will go to their competition. Sell people poisoned food? They won't be buying from you anymore, you'll likely never get business again.
Ah, the innocence of youth. The fact of the matter is, companies and corporations violate health and safety laws all the time. Sure, you can go to the competition, but odds are they're doing it too, especially if your aim is to get cheap food, something which is a high priority for the bottom 40% of Americans which, as I previously mentioned, have a combined wealth of a measly .2% of U.S.' citizens' wealth. Here's an example of all the violations achieved during a single week in April of this year:
26 food-selling businesses have multiple violations in this week's inspections
Same with defective medicine.
Such innocence. As to the reality, in the case of vaccines, the vaccine companies have worked out a sweet deal wherein taxpayers pay for their mistakes. It's essentially akin to the government bailing banks out when their ponzi schemes are revealed...
American Taxpayers Have Paid Out $2 Billion To Settle Vaccine Lawsuits
They also can't pay employees too little, because they'll either work for someone else, or won't be able to afford that business's goods and services, which will damage the business.
Let's take a look at the 2 assumptions you are making above:
1- If an employee is paid too little, they will be able to find a place that pays them more.
2- The employee is also by default a significant customer of the business.
You haven't shown evidence for either of these assumptions.
If a business's employee gets hurt, they can be sued.
Perhaps that can work if you have a lot of money. Here's the reality for most people who don't:
**AN INVESTIGATION by ProPublica and NPR earlier this month detailed how states across the nation have been dismantling their workers’ compensation systems, with disastrous consequences for many of the hundreds of thousands of people who suffer serious injuries at work each year.
In some states, the cuts have been so drastic that injured workers have plummeted into poverty, losing their cars and even their homes. In others, workers spend years battling insurance companies for the surgeries, prescriptions and basic help their doctors recommend...**
Source: The Fallout of Workers’ Comp ‘Reforms’: 5 Tales of Harm
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