Earlier quoted context omitted.
Crimes. Yes. But payday loan companies and credit cards that charge 29% interest plus hundreds of dollars in feeds to "help people with poor credit" are fine. Supporting US government entities in defense that kill tons of innocent people every day; that's fine too. Self regulating? Man that works so well, especially in 2008. We're going to let you keep doing that too. Weed stores in states where it's legal? Hi it's t…
Regulation has done a great job in several industries of concentrating the industries into a few major players, because it is incredibly difficult to comply for new/small companies. Banking and finance is one, telecom is another.
Lobbying from these industries players for bad regulation might have helped but regulation is usally nothing bad. I'm happy in EU knowing that most stuff I can buy is at least to some degree vetted for killing me.