The Insufficiency of Regulatory Capitalism

Facebook's moves as of late are the quintessential example in my argument as to why regulatory capitalism is insufficient -- requiring, instead a more pervasive integration of the public interest into the historical corporate structure.
To wit, the regulatory capitalism model treats violations by corporations using the criminal justice system, as our society does when people burgle, steal, and kill.
That is, it's a reactive system that collects evidence after a crime to attempt to create accountability and justice.
Criticisms of this process in the standard criminal justice system context aside, it fails in the regulation of corporations because at least some corporations are too large and too powerful.
Some of their violations of the public interest fundamentally erode the capacity of the state to hold them accountable using that criminal justice apparatus.
Facebook's multi-year violations leading up to the 2016 election resulted in Trump getting elected, along with Russian oligarchic influence. Now, the government is controlled by a proto-fascist cabal -- the GOP -- who is not interested in regulating Facebook as long as Facebook plays by their rules.
And with that factional carte blanche, they're now attacking the 2020 election, making it difficult for the public to modify its government to have an opportunity to hold Facebook criminally accountable.
The history of society indicates to me, cyclical processes of abuse/concentration of power, leading to widespread strife, leading to crisis, leading to redistribution of wealth and power to more equitable levels, followed by a re-accumulation of wealth and power in a minority.
+RachelThompson 18:30:24
While this may be as undesirable as the boom-bust cycle pre-Keynesian intervention in the US economy in the 1930s, it's much worse because the magnitude of those crises is amplifying as technology becomes more powerful/integrative/persuasive towards human life, and as energy consumption and generation increase, e.g. nuclear weapons and climate change.
This means the busts/crises of the cyclical model now pose an existential threat to the continued existence of our entire global civilization.
That is why I am not a capitalist any longer.
+RachelThompson 18:33:10
It's also why I think Sanders is fundamentally a better choice than Warren -- the former supporting more substantial modifications of the corporate structure, while the latter has shown her chops as a serious regulatory capitalist.