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When there's competition, reputation matters, since consumers have a choice about who to trust. > Especially without any regulatory agencies. The history of p
by programmarchy 10y ago
When there's competition, reputation matters, since consumers have a choice about who to trust.
> Especially without any regulatory agencies.
The history of progressive regulation is agencies protecting monopolies from competition, not protecting the public from economic abuses though that is how it is advertised. Corporations want state-enforced regulation because it allows them to cartelize. [1]
[1] https://mises.org/blog/rothbard-progressive-movement https://mises.org/blog/rothbard-progressive-movement