Politicians constantly 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 and @BusinessNewshole at Twitter.)
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