"Think, Frank, think. The same government that trained me to kill trained you to protect. Yet now you want to kill me while up on that roof I protected you. They're gonna write books about us, Frank."
--Mitch Leary (In the Line of Fire)
They will come indeed.
Not only does this discourage entrepreneurship, but it can be seen as government-sponsored protection for big established businesses because agency rules/regs raise barriers to entry and reduce competition.
Big Business welcomes its protection agencies.
Tuesday, February 5, 2019
Protection Agencies
Labels:
agency problem,
competition,
entrepreneurship,
government,
regulation,
security,
socialism
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