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> It's true that best regulation is self-regulation You take this as a fact, so do the billionare execs at Apple, but it just isn't true. You can define "best"
by cryptoz 9y ago
> It's true that best regulation is self-regulation
You take this as a fact, so do the billionare execs at Apple, but it just isn't true. You can define "best" in however way you want to make it true, but any reasonable definition won't let that happen. Best for whom? Best for the billionares? Maybe, but that's not best for the rest of us.
Regulation is important in a healthy capitalistic society. Regulation by government, which is theoretically run by elected representatives, is not a bad thing like you suggest it is. It is a steadying hand that helps a market and a society run stably, rather than run amok with fast-paced greed that outpaces ability to sustain itself.
The best regulation is not regulation that the hundreds of millions of people in the USA are not even allowed to know exists because it is a corporate secret. No, that is not the best regulation. The best regulation is carefully written, sustainable, fair, reasonable regulation written with unbiased industry experts, the population itself, the government itself.
Trusting the most elite, rich class of secretive billionaries in the world to self-regulate is not the "best regulation", not even for them. They will get more money if they just agreed and allowed normal government processes to continue without their lobbying and interference to create a no-regulation environment that wreaks havoc on the rest of society.