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> Due to other unnecessary government regulation. Regulations always have a snowball effect. This is simply not true. If it was not regulated at all, the situa
by RivieraKid 13y ago
> Due to other unnecessary government regulation. Regulations always have a snowball effect.
This is simply not true. If it was not regulated at all, the situation would be worse. This is an industry that has a natural tendency to become mono/oligo-polic. (Similarly to water supply inustry.)
> That's the customer's problem, not the government's. It benefits customers who do make optimal decisions.
That deserves a longer discussion but I'll try to sum it up. One example of a regulation that helps customers make better decisions is that misleading advertisment is banned. When I say regulation, I mean that the customers collectively decided that it would be better for everyone if misleading ads were banned. There's absolutely nothing wrong with this.