Re:Profits are too high. America needs a giant dose of compe...
by gozur88 on Tuesday March 29, 2016 @04:23PM
(#11384572)
>I think it is a myth that all companies want is light regulation and the evil guvmint comes in an cover them in red tape.
Oh, I agree. My point is once you set up a powerful regulatory apparatus the companies involved are going to capture it, or at least try to.
You need regulations, and you need regulators. But too much regulation is bad for consumers, because once it reaches a certain complexity only the insiders understand what's going on.
Oh, I agree. My point is once you set up a powerful regulatory apparatus the companies involved are going to capture it, or at least try to.
You need regulations, and you need regulators. But too much regulation is bad for consumers, because once it reaches a certain complexity only the insiders understand what's going on.