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this post was submitted on 26 Oct 2024
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If regulation was bad for the poor and good for the rich the rich and large corporations wouldn't try so hard to get rid of regulation.
They're not trying to get rid of regulation though; they're trying to make sure that the regulation is in their favor. That's what regulatory capture is. They're going to be fine with regulations that help cement their place in society.
Regulatory capture is certainly a thing but all that "small government" and "too much red tape" rhetoric free market parties have been spewing for decades is not that.