Quote:
Originally Posted by aceventura3
It is interesting that the industries that are the most heavily regulated by governmental entities are the ones in the most distress, i.e., banking, and auto manufacturing. Government thinks more government is the answer. Scary isn't it?
|
Banking (which was deregulated to blur the line between commerical banks and investment banks) and auto manufacturing (which successfully fought any new regulations for the last 20 years) are hardly the most regulated industries.
Food and drugs, other consumer products, insurance, utilities, health care, solid waste disposal...... are regulated much more than banks and auto manufacturing.