But who regulates the regulators? As bad as this example is, have you never heard of the nightmares people fall into dealing with government bureaucracies? If anything, they're much much worse than the worst that companies inflict.
Regulatory capture is a real thing too. Regulation isn't obviously positive just because there are reasons people trot out to justify it.
You're right, companies don't generally care about me. But neither does the Social Security Administration, the Department of Justice, my local police department, my local school board, or any post office in which I've ever found myself.
Regulatory capture is a real thing too. Regulation isn't obviously positive just because there are reasons people trot out to justify it.
You're right, companies don't generally care about me. But neither does the Social Security Administration, the Department of Justice, my local police department, my local school board, or any post office in which I've ever found myself.