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> A lot of the regulation then is designed to protect the market as an entity, rather than the consumers. What you're describing isn't regulation; you're descr
by CalChris 10y ago
> A lot of the regulation then is designed to protect the market as an entity, rather than the consumers.
What you're describing isn't regulation; you're describing the results of regulatory capture.
https://en.wikipedia.org/wiki/Regulatory_capture https://en.wikipedia.org/wiki/Regulatory_capture
- jessaustin 10y agoI'm sure that in Scotland, regulators regularly avoid capture. In USA, the idea seems a bit fanciful... rather like non-crony capitalism.