The process of getting regulations right is described publicly as far more political than in fact it is. It's essentially a legal and technical enterprise.
Sentiment: NEGATIVE
All the time, you take a look at what government rules are, so you can minimize the impact of government regulations. That's just smart business.
Politicians love regulating. That's part of the whole power structure.
While legislation obviously is political, we now have allowed regulation to become politicized, which we believe will likely lead to some bad outcomes.
I do have a political agenda. It's to have as few regulations as possible.
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.
The government has the right to change laws and rules and regulations.
When businesses affirmatively like regulations, that's when to reach for your wallet.
The regulations keep on coming. And we are trying to make decisions that we will be happy with for decades.
Once you start to provide public services that have to be run under public rules, for example child protection, then it has to go with public law. Institutions have to make a decision whether they want to do that or they don't want to do that.
It's wherever business rules, business is going to get the politicians they want because they control the money and money controls the power.