5 ms·
These are some of the most regulated industries in the US.
by omreaderhn 4y ago
These are some of the most regulated industries in the US.
- worik 4y agoRegulated oligopolies. Hardly market forces! If you believe in the utility of markets then breaking up the oligopolies formed by market failure (unless price gouging monopolistic practises are not viewed as "market failure"...) is very important. Regulating them is ineffective because the oligopolies get so rich they heavily influence, if not actually write, the regulations. By bribing the regulators.