Too many people think that more regulations help to fix the problems of corruption and crony capitalism. In fact, the opposite is true. Regulations are typically complex and filled with holes to be exploited and other benefits for large corporations. Don't believe me? Pay careful attention to who supports and lobbies for the next big regulation that comes down the pike.
In a time of political polarization, it can be reassuring when the left and the right agree on an issue. One such area of consensus is the recognition of crony capitalism where big business and government work together for their own interests through systems of reciprocal favors.
Source: You Can't Regulate Away Crony Capitalism - Foundation for Economic Education
