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I think you're right, but that has nothing to do with free markets. Quite the opposite.
by throwaway3699 5y ago
I think you're right, but that has nothing to do with free markets. Quite the opposite.
- minikites 5y agoEvery newly proposed regulation or check on the power of corporations is met with the argument from conservatives that it will destroy businesses and that the free market would produce a better outcome than regulation.
- sumtechguy 5y agoBeware consultants and lobbyists bearing already prewritten regulations. If you read many of them you will find they little more than a way to lock in more monopoly power. There is a balance but you have to look at side effects. I saw one set that was proposed by 'liberals' the 'conservatives' called it the worst thing ever (it was really bad). Then a year later a bit of flippy floppy in who was elected. Proposed by 'conservatives' the 'liberals' called it the worst thing ever (it still was). It was almost verbatim the same thing. It was written by a lobbyist. My point? Regulation in a company that is trying to establish or defend a monopoly can use it to lock others out more. They will use the rule of law a tool. You have to be careful just throwing it out there and not look at side effects. Regulation like any tool can be used for good or evil.