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No, it was true for East India, it was true for Standard Oil, and it's still true today. Much of regulation was intended for the protection of consumers, not to
by juliangregorian 11y ago
No, it was true for East India, it was true for Standard Oil, and it's still true today. Much of regulation was intended for the protection of consumers, not to cement incumbents, and the subversion of the same is evidence of capitalism's predatory nature.
- merpnderp 11y agoBusinesses continue their regulatory capture in the US. The line between corporations and government grows thinner every time a burdensome regulation is created that only companies with significant resources can follow. http://news.investors.com/ibd-editorials/060815-756320-dominos-grocery-stores-fight-regulatory-burden-of-menu-labels.htm?p=full http://news.investors.com/ibd-editorials/060815-756320-domin...
- juliangregorian 11y agoOf course they do. This is not unique in history or in the US. This is simply capitalism working as intended. What did you think Tesla would do after they finished "destroying the major auto manufacturers"?