The problem with increased government regulation of the railroads (including increased fines) is that the railroads are a classic textbook case of regulatory ca

The problem with increased government regulation of the railroads (including increased fines) is that the railroads are a classic textbook case of regulatory capture. The regulators were captured in the 1880s and there has been no let-up, only increased grip. Remember the "deregulation" movement during the Reagan administration? There are profits to be squeezed, boys, and no amount of government interference can be tolerated: time to make some calls.