natty dread wrote:I love how the right-wing people instantly jump on to "stop regulating teh businesses" as if the freedom of businesses to make a profit is more important than the freedom of actual people as individuals...
just sayin'.
what saxi asks. Besides...
Regulations tend to make the rent-seeking businesses more impervious to competition. This stabilizes the playing field for the rent-seekers at the expense of businesses which are (1) legally barred from entering a market and/or (2) must incur higher start-up costs which were increased by regulation.
An (un)intended consequence of regulation and government-mandated privileges is less competition, thus higher profit margins and market control for the rent-seekers. With less competition comes generally higher prices, less innovation, lower quality, etc.--depending on the type of regulation.
natty dread wrote:Everyone knows that the whole of US political field is totally operated according to corporate interests anyway...
Corporate interest groups aren't one homogenous group. Their plans also conflict with each other.
Also, the politicians have their own interests, so US politics is not "totally operated according to corporate interests."