[P2P-F] self-regulating markets

Mon Jun 20 23:57:33 CEST 2011

Samuel Rose wrote:
> It seems very fair to me to say that corporations are by virtue
> regulated by governments, and therefore cannot plausibly be viewed as
> "self-regulating". Each and every corporation has submitted it's
> existence to the government, and agreed to abide by the regulations of
> the government at least in reference to registering itself. What am I
> missing?

Governments are mostly unable to regulate corporations because those
corporations are actually regulating governments through lobbying, bribery,
blackmail and other subtle ways used to create or adjust laws.