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Outright lies.That book was fiction. Sinclair never witnessed anything that happened in that book, nor did he ever claim to.
Probably the best argument against government regulation is the fact that the incentives facing individual government regulators are all backwards.
Consider two different government regulators who oversee large corporations. We'll call them Joe and Bob.
Joe doesn't make life easy for the corporations. He makes decisions based on what's best for society. He will receive zero recognition for this, and when he retires, he will have his government pension.
Bob does his job much differently. He chooses to "play ball" with the executives of the corporations he regulates, and in...
- aociswundumho
- Replies: 143
- Forum: Government Regulation