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> Regulations, through the use of lobbyists, serve incumbents whom which to defend their business models with the durable advantage of higher fees, more rules a
by carbocation 14y ago
> Regulations, through the use of lobbyists, serve incumbents whom which to defend their business models with the durable advantage of higher fees, more rules and more paperwork. They may also naturally be against anything which would threaten their oligopolic hegemony.
You're talking about "regulations" but you're really describing regulatory capture, which is the dark side of regulations. Regulations do actually serve their desired purpose, sometimes.
- hippobravo 14y agoThe key is making sure that the regulated and the regulators are different people. Americans seem to believe that the best people to regulate corporations are the lobbyists of those same corporations. This would be a lot funnier if these same corporations weren't currently guaranteeing that most major cities on earth will soon be flooded by the oceans. The most important regulators on the planet have spoken: scientific facts ain't real.