4 ms·
> But then business owners would do things that would make citizens say, "they shouldn't be able to do that." So rules/laws were made to prevent people from doi
by mhuffman 4y ago
> But then business owners would do things that would make citizens say, "they shouldn't be able to do that." So rules/laws were made to prevent people from doing it.
By "citizens", I assume you mean other business owners trying to keep new entrants out of the sector, or putting themselves in place to approve those that do.
There is an interesting "parable" [1] from the 70's that goes over this and lays it out for what it is, which is basically always a form of regulatory capture.
[1] https://www.nationalaffairs.com/public_interest/detail/the-parable-of-the-parking-lots https://www.nationalaffairs.com/public_interest/detail/the-p...