Politicians
repeat their gospel of government regulation. It is a mantra so often
repeated that it’s a rule by which they govern. But all it does is
provide power for them to dispense largess and thus control voting
blocs.
Regulations
destroy small business which cannot cope with them. They therefore
appeal to large corporations which detest them, but unlike small
business, have the funds to hire lobbyists who can contend with the
government bureaucrats.
Dodd-Frank
is a classic example of legislation which builds an ever-festering
self-generating nuclei of ever-growing regulatory bodies, none of
which have ever been approved by voters. (See the Earl J Weinreb
NewsHole® comments.)
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