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insomnia and bad grammar since 2001

Regulate This

Why regulation is stoopid.

It’s tempting to believe that government regulation of the Internet would be more consumer-friendly; history and economics suggest otherwise. The reason is simple: a regulated industry has a far larger stake in regulatory decisions than any other group in society. As a result, regulated companies spend lavishly on lobbyists and lawyers and, over time, turn the regulatory process to their advantage.

Category: economics, government, libertarian, politics

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