Regulation Hurts Regular Folk, Helps Rich People
This is what government regulation does: It hurts small businesses and consumers for the benefit of a few powerful players at the top.
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3 comments:
I agree in that regulation often leads to crony capitalism, which is terrible on two accounts: it's not a fair system and gives true, pure capitalism a bad name.
objectivistpolitics.blogspot.com
Markets are vulnerable to corruption, specifically the corruption of the state. Freedom doesn't give the big boys an unfair advantage, and as a result, freedom allows for less big boys to exist. Less centralization and stratification.
By stratification I mean social and economic inequality.
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