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The current crisis was mostly caused by real estate and the financial industry. And while there's a lot of regulation in the financial industry, I doubt anybody
by matt4077 10y ago
The current crisis was mostly caused by real estate and the financial industry. And while there's a lot of regulation in the financial industry, I doubt anybody argues that lehman brothers was forced into it's business by oppressive regulation.
Concerning other industries, those most regulated are those that tend to natural monopolies such as energy or telecommunications. Nobody can seriously advocate for a return of the old telephony monopoly, so I'd say these industries suffer despite regulation, not because of iy.