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I disagree. Once a law is passed, it's the law. It applies to everyone, including the congressman who authored it. Regulators however are the people who enforce

I disagree. Once a law is passed, it's the law. It applies to everyone, including the congressman who authored it. Regulators however are the people who enforce the laws. Having a regulator in your pocket is many times more useful than having a lawmaker in your pocket. For example, if a cop pulls you over for a traffic violation, would you rather have the chief of police among your "good friends", or the lawmaker who passed whatever traffic law you violated?

pdonis 4y ago
> if a cop pulls you over for a traffic violation, would you rather have the chief of police among your "good friends", or the lawmaker who passed whatever traffic law you violated? If I get pulled over by a cop for a traffic violation, it means my attempts at major corruption have already failed. The minor corruption of having the chief of police fix my ticket is small potatoes by comparison. If I want to buy laws and regulations that favor me over my competitors, which is a much more serious form of corruption (and the form that large organizations like banks are much more likely to engage in), I want to buy the lawmaker, not the regulator, because the lawmaker will give me much better value for my money.