[lbo-talk] uh-oh! too much regulation!!

Doug Henwood dhenwood at panix.com
Tue Feb 2 18:06:09 PST 2010


On Feb 2, 2010, at 7:46 PM, James Heartfield wrote:


> Regulation of business does nothing to enhance the lives of working
> people. On the contrary, it only serves to reinforce the status quo.

Oh really? Then wouldn't big business and big finance be lobbying for more of it?

Regulation: no, bank, you cannot leverage yourself up with opaque products. Regulation: no, utility, you can't pollute the air. Regulation: no, food processor, you can't sell hamburger laced with E. coli.

Or is that too specific?

Doug



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