Well said, meanwhile all I'm complaining is not being allowed to enter most industries because they're so highly regulated - might just be a planned economy in disguise around here 🤔
Discussion
Yeah, I'm convinced most regulations' singular purpose is to keep competition at bay, under the guide of protecting the customer.
They are legal cartels, organisations like the FDA, FAA, and many other 3-letter-agencies are to their sector of the economy what the central bank is to banking: A means to fix prices and circumvent competition, guaranteed in perpetuity through force and coercion, courtesy of the government.
Nailed it. The “fiat” part of being in business is having to play by a ton of regulatory frameworks that hinder growth (and not just monetary riches growth - I’m talking about the kind of growth that everyone can benefit from).
There are plenty of reasons to not be in business for pure “grow-it-ever-bigger”; but regulations often make those other approaches quite difficult in this day and age.
As Rothbard writes, regulatory agencies are nothing but facilitators of legal cartels - Small wonder the biggest corporations hardly ever argue against regulations - it keeps new competitors from entering their markets and provides a great deal of stability to their market shares, prices, and pace of innovation. Parasites and monstrosities all.