3 ms·
Regulation is what requires corporations to disclose their accounting to investors instead of telling them whatever they want. Actually, regulation prevents co
by paddy_m 13y ago
Regulation is what requires corporations to disclose their accounting to investors instead of telling them whatever they want.
Actually, regulation prevents consumers from making choices with their investment decisions. By putting publicly traded companies in a special class, and only allowing individuals to invest in those companies, they vastly limit choice.
Regulation is what requires corporations to pay full time workers overtime, give breaks and sick time, and just generally treat them like human beings.
In America this is the case, however, over the whole world there is a relatively free market. For competitive job marekets/professions where is necessary to pay workers overtime and give them sick leave to continue employment, those benefits are given. Across the whole world, those benefits aren't necessary to hire some professions, jobs for those professions leave the US.
In theory regulation would protect us from predatory industries, in practice we often suffer from regulatory capture http://en.wikipedia.org/wiki/Regulatory_capture http://en.wikipedia.org/wiki/Regulatory_capture.