Government Regulation as a Market Force

Government regulation IS a market force. Regulations ebb and flow just like supply and demand. Remember, consumers are also voters. People vote for your products with cash as well as at the ballot box. And while less immediate, public policy is also market force businesses SHOULD contend with. Your industry acting in good faith gives you leverage in designing better public policy so profits shouldn’t have been your only drivers. Serving the public good may not be as attractive (profit-wise) but until that goal becomes a directive as strong as revenue the businesses can expect regulatory checks and balances. I guarantee any regulation that exists today to throttle growth or protect consumers can be mapped back to that industry’s negligent behavior in some way. In short, unfortunately regulations are hear to stay… but is the relentless pursuit of profits… sooo…

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