3 ms·
There's a lot of evidence that regulations actually benefit the capital-owning class. Look at heavily regulated industries (insurance, pharma, banking, etc.) an
by olalonde 4y ago
There's a lot of evidence that regulations actually benefit the capital-owning class. Look at heavily regulated industries (insurance, pharma, banking, etc.) and how little competition the incumbents face. What most worries a big business is not whether they are allowed to do something or not, it is whether someone else will be able to do it better and hence, compete. It also doesn't help that large companies are the ones doing all the lobbying and practically end up writing the regulations[0].
[0] https://reason.com/2021/07/07/how-big-business-uses-big-government-to-kill-competition/ https://reason.com/2021/07/07/how-big-business-uses-big-gove...