Hacker News new | ask | show | jobs
by finid 3506 days ago
You missed the point, and I'm not sure you understand what "good for business", as practiced by Republican administrations in the US, means.

It simply means no regulations. So businesses are free to do anything they want, with consumers at the receiving end of the negative consequences of such practices.

Most recently, we saw how that played out under the last Republican (Bush) administration. In an environment in which corporations were going gang-busters, I don't recall that administration ever bringing a single anti-trust case.

That "good for business" environment eventually led to the 2008 financial crises. And the single most important curb that was put in place to prevent such a crisis from happening again is under threat, because the guys set to take office in January (2017) have already said they'll undo the Dodd-Frank Act.