> Is this a genie that can be bottled back up? Lets say you enact these magical regulations. Will the corporations stick around or will they focus on other countries where they have more clout? Similarly, will they use international levers of pressure to "fix" the issues any one country poses?
If you try to bottle the genie back up, you'll have to work all those levers simultaneously or you'll have the problems you describe. The new set of regulations would also need to curtail the ability of corporations to move to avoid regulations and limit the kinds of political pressure they can apply, for instance. Otherwise it'll be like closing one barn door while leaving the other wide open.
We've gone so far down the road in one direction that we may have to turn around with a shock. It it's probably too late for some kinds of small, incrementalist course corrections to be effective.
If you try to bottle the genie back up, you'll have to work all those levers simultaneously or you'll have the problems you describe. The new set of regulations would also need to curtail the ability of corporations to move to avoid regulations and limit the kinds of political pressure they can apply, for instance. Otherwise it'll be like closing one barn door while leaving the other wide open.
We've gone so far down the road in one direction that we may have to turn around with a shock. It it's probably too late for some kinds of small, incrementalist course corrections to be effective.