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by Meandering
1478 days ago
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I agree that regulation is a useful tool for society. As a quasi-libertarian, I just want to explain one reason why libertarians don't like regulation. Facebook is calling for regulation on censorship... a business is asking to be regulated... this means that it's within there profit incentive to ask for government control. They must have a high level of confidence that they can mold regulation to suit their needs. The financial industry is probably one of the most corrupt industry when it comes to private-regulatory cooperation. I believe that crypt regulation will be to the advantage of all the high profile financial players that have moved into the space. Bashing regulation for the sake of bashing regulation is a bit reductive. However, assuming regulation is the government applying order to chaos is also a bit reductive. |
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