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by bluejekyll
594 days ago
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This debate about regulations is alway interesting. There are regulations which help protect the environment, like not being allowed to dump dangerous chemicals into your local stream or river. Then there are regulations like these which are aimed at protecting the investment companies have made into infrastructure, effectively granting them a monopoly. When people debate this, they often are thinking of the first class of protective regulations that are too onerous on companies, but I think most people like clean drinking water and rivers that no longer catch fire. Whereas the second class of protection is really harmful to the consumer, and the powers-that-be have effectively been given a monopoly, and with that the money and power to protect their place in the market through continued influence on elections and other things to maintain these rent seeking businesses. We all hate the latter, but these companies have a lot of sway over politicians. |
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