The Appropriate Answer

Dave Killion — February 3, 2013

“There is no such thing as unregulated businesses. They are either regulated ineffectively by the state, or they are regulated effectively by the market.”

It is widely held that in the absence of state regulation, business could get away with endangering it’s customers and employees, selling shoddy goods, and destroying the environment. Market forces do not permit any of that to happen to any significant degree.

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