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There are very much examples of bad regulation but there are also good regulations to. While I'm a believer in capitalism, totally unregulated capitalism resul
by elmerfud 7y ago
There are very much examples of bad regulation but there are also good regulations to. While I'm a believer in capitalism, totally unregulated capitalism results in consumer abuse and stifles innovation.
Good consumer protections can actually benefit companies and the market in ways they don't expect until it happens. The Magnuson–Moss Warranty Act is an example of what I consider good consumer protections, and benefits the market as a whole.
- smitty1e 7y agoIndeed. Even the sportiest economy needs referees to manage the game.