Regulations can work to enable market access for smaller players, not just to strengthen the positions of bigger companies. Letting markets 'actually be free' can naturally lead to monopolies without anyone around to stop the bigger companies crushing competitors. A competitive, efficient market needs (good) regulations. I do agree that Congress isn't the place to go for good regulations, but unfortunately there's nothing else available. It's a broken system.
Letting markets 'actually be free' can naturally lead to monopolies without anyone around to stop the bigger companies crushing competitors
This enabled the Robber Barons of the 19th century and lead to the current anti trust laws.
The Robber Barons also contributed immensely to society. Their money helped create arts endowments, public libraries, conservation lands, colleges and universities, etc.
Sorry but depending on a dysfunctional government to regulate the very companies that fund the politicians' re-elections seems to fit the old adage about the definition of insanity. I'd rather strip away the majority of regulations and cut off the tax breaks to the big companies. Make the playing field actually level.
Free markets can exist and thrive but it requires the consumers to hold companies accountable for their actions. Reliance on the government to act is just perpetuating the cycle of crony capitalism we are currently stuck in.
Sorry but
You're not sorry. Own what you said. Don't apologize.
Or maybe stop practicing crony capitalism and let the markets actually be free. Instead of enacting more regulations that will just make it harder for start-ups to get in the game, we should remove the regulations that are already tipping the scales to the bigger companies. The writer even acknowledges the dysfunctional environment that currently exists in Congress but still wants to have them have even more control.