Regulations can also be lobbied by the businesses themselves, especially when they can afford to implement the changes required and their competition cannot. It’s what happened in the auto industry here in the US. Safety regulations that were naturally progressing were instead legislated and over the last century, we went from many manufacturers down to 3. The quality of product was vastly decreased and you hardly see anyone driving those shit buckets from the late 70s through the 80s when there was no competition.
🙄 regulations are the only thing that slow the unfettered greed built into the system.
Ya’ll have some weird and completely incorrect fantasies.
Regulations can also be lobbied by the businesses themselves, especially when they can afford to implement the changes required and their competition cannot. It’s what happened in the auto industry here in the US. Safety regulations that were naturally progressing were instead legislated and over the last century, we went from many manufacturers down to 3. The quality of product was vastly decreased and you hardly see anyone driving those shit buckets from the late 70s through the 80s when there was no competition.
That’s not fantasy. It’s a fucking nightmare.