Americans have been dismantling and weakening their regulatory bodies for quite a while now. The idea is that this will unshackle big corporations and allow them to innovate faster. This sounds like a great idea, until you realize that this “innovation” is most often about increasing profits. And the quality of the product is often sacrificed to increase profits. Just look at what is happening to telecommunication se…
This is a common misunderstanding I see repeated a lot. The idea isn't unshackling big corporations, it's about unshackling small to medium sized businesses and entrepreneurs. Big corps actually love regulations for the barriers to entry they create, and most of them already have a whole host of regulatory compliance teams armed and ready to dissect the next big regulation that comes. > Americans get stuck with slow…
So then why do big corporations spend so much time and money lobbying against regulation?