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Regulations almost always cause some sort of rent seeking behavior. Sometimes they are negligible in comparison to the greater good gained from the regulation.
by mertd 8y ago
Regulations almost always cause some sort of rent seeking behavior. Sometimes they are negligible in comparison to the greater good gained from the regulation. I don't think this is the case here.
- thr0waway5678 8y agoThere would never be rent seeking behavior without regulations. The natural state of mankind is perfect harmonious cooperation without the spectre of rules agreed upon by communities.
- carapace 8y ago> If Princes and Monarchs could but preserve this simplicity, every creature in the world would submit itself to them; Heaven and Earth would be in mutual accord, and shower down sweet dew; the people would need no laws, but live in harmony of themselves.