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And as a result you get monopolies like TooBigTech and you can't compete anyway.
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If a business can't be profitable while treating employees, customers, and the environment well, then it going out of business or leaving is not a loss.
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Is that a justification for resuming slavery, child labour and dumping chemicals in our rivers?
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Pretty sure you can oppose slavery and support what GP said without significant cognitive dissonance
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Not really. It's a race to the bottom.
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Many options.

Option 1: “we won’t trade humans as slaves at all costs, even if it makes us less competitive in the global market - and we don’t hold that conviction about other things”

Option 2: “We won’t trade slaves - and if we find you trading slaves we will kill you. So we don’t have to worry about competing against slaves in the global marketplace.”

Option 3: “slavery is less efficient than having the same people as market participants - so I don’t consider giving up slaves to be less competitive”

Many more options, and mixtures of any or all of them.

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