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What is their actual purpose? Protecting the public against abusive business practices, or shielding mega corporations against competition from upstarts/small businesses via barriers of entry into the marketplace. Considering that many of the people running our regulatory agencies have ties to mega corporations, not to mention all the lobbyists with politicians in their hip pocket, I think the answer is self evident to the person without bias.
What is their actual purpose? Protecting the public against abusive business practices, or shielding mega corporations against competition from upstarts/small businesses via barriers of entry into the marketplace. Considering that many of the people running our regulatory agencies have ties to mega corporations, not to mention all the lobbyists with politicians in their hip pocket, I think the answer is self evident to the person without bias.
It is actually the government's job to foster competition although they have failed miserably at it for the past many years. For example, the government went to lots of time and expense to break up the AT&T telephone monopoly and now it is allowing it to reform again. The government expanded cellular licenses and we went from 2 companies and very high prices to 6 national companies with low prices and innovation. Now soon we will back to only 2 again which are the same 2 we started out with.
What is their actual purpose? Protecting the public against abusive business practices, or shielding mega corporations against competition from upstarts/small businesses via barriers of entry into the marketplace. Considering that many of the people running our regulatory agencies have ties to mega corporations, not to mention all the lobbyists with politicians in their hip pocket, I think the answer is self evident to the person without bias.
The purpose is the former, namely protecting the public (and employees) against business practices especially in areas where they can't expect be to make informed choices (medicine). But, large established companies will use regulations as a tool to increase barriers of entry and hence reduce competition.
The solution isn't to remove regulations, instead, its to prevent companies from using them to reduce competition.
I have always found this as one of the ironic ways corporations manipulate liberal politicians into support pro-corporate agendas though.
Well, to be sure, the public needs to be protected from abusive business practices.
We found it necessary to make and enforce laws that protected the public from murder, rape, theft, burglary, embezzlement, larceny, fraud. Those are "regulations" that protect us from abuses by individuals, the same as the ones that protect us from corporate entities who have s self-interest in abusing the privileges of freedom and lack the ethics that a free society takes for granted.
Well, to be sure, the public needs to be protected from abusive business practices.
We found it necessary to make and enforce laws that protected the public from murder, rape, theft, burglary, embezzlement, larceny, fraud. Those are "regulations" that protect us from abuses by individuals, the same as the ones that protect us from corporate entities who have s self-interest in abusing the privileges of freedom and lack the ethics that a free society takes for granted.
Except it is the government that is enforcing regulations, and they aren't any better than anyone else.
Back towards the OP -- exactly what regulations are you asking about, anyway?
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