3 ms·
>> As far as "deregulation", the devil's in the details, but the left generally believe such often leads to pollution and health risks, noncompetitive oligopoli
by CryptoPunk 9y ago
>> As far as "deregulation", the devil's in the details, but the left generally believe such often leads to pollution and health risks, noncompetitive oligopolies and monopolies, and financial crashes. The right believes this to be an exaggeration.
There is also the argument that regulations primarily create oligopolies and walled gardens that exacerbate income inequality. This is part of a larger argument that state intervention in the market is primarily motivated by private interests, and serves their interests. The FDIC would be one such example:
http://www.nber.org/papers/w22223 http://www.nber.org/papers/w22223