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20after4today at 12:27 AM1 replyview on HN

This fails to recognize the existence of lobbyists and regulatory capture.


Replies

KPGv2today at 10:29 AM

No it doesn't. Nothing about what you're responding to indicates they're ignoring these things exist. Unless your argument is "lobbyists exist, so we should ban all regulations and go back to the wild west," then the sentence where the person referred to regulation as "imperfect" encompasses lobbying.