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by incompatible 2173 days ago
By the time the fraud has been discovered and the company has been successfully sued, the owners will have long moved on, leaving behind nothing but a shell with ownership registered in the Cayman Islands. (Lax regulation of companies is also part of deregulation).

In any case there are other areas of regulation, such as environmental protection. What will happen when those are relaxed?

1 comments

I have the feeling that the survey discussed in the original article is overgeneralizing from narrow questions of regulation eg. surge pricing, labor markets, etc., and that the so-called liberaltarians probably would be far less skeptical of financial, environmental, & safety regulations, & would generally like to see more vigorous enforcement even when they don't want want more regulations.