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> Regulations lead to lobbying. And lobbying leads to corruption. I think one of our biggest problems is we have tried for years to have a pseudo free market wh
by reallydontask 7y ago
> Regulations lead to lobbying. And lobbying leads to corruption. I think one of our biggest problems is we have tried for years to have a pseudo free market while tampering with it so much to create the situation we are in now.
I guess it all depends on how you define "pseudo free market" but the government has been intervening in the economy since the birth of the nation. It's just a bit of a myth that the market is a free market.
- beering 7y agoIt's also a myth that lack of regulation necessarily makes the market freer. There are many tactics that a huge company or monopoly can carry out that suppress free market dynamics. Antitrust regulations are one example that promote free market dynamics.
- PeterStuer 7y agoAs an example, only strong regulatory intervention opened up the EU telecoms market.