I think there's a point to regulating, because there are snake oil companies.
Sentiment: NEGATIVE
The government has a key role in regulating and making sure there's an even playing field and protecting consumers. No question about it.
Politicians love regulating. That's part of the whole power structure.
Generally I'm against regulation.
About 75 percent of the crude oil marketed here is sold off the books, and they are doing trades that would be illegal if it was a regulated market, and of course they do not want to regulate it.
But let me tell you what happens when regulations go too far, when they seem to exist only for the purpose of justifying the existence of a regulator. It kills the people trying to start a business.
If we want our regulators to do better, we have to embrace a simple idea: regulation isn't an obstacle to thriving free markets; it's a vital part of them.
Regulation is necessary to protect our natural environment, keep our food and medicine safe, and ensure fair competition and fair treatment of our workers.
Everyone wants clean air and clean water, but my hope is that we will not regulate it to the point where we drive businesses and industries out of this country, to the point where entrepreneurs cannot start or expand their businesses because they simply can't afford to do so.
Not only is self-regulation largely a fantasy, but repeated scandals across multiple industries have proved that companies are fundamentally incapable of self-regulating for the greater good.
The history of business has shown that companies usually only regulate themselves if they're forced to by legislation, or out of self-interest - often in the shape of a marketable message that will help sell more products.
No opposing quotes found.