The dirty little secret they don't tell you about regulations is that corporations almost always support legislation that would regulate their industries because they can use it to drive out smaller competitors.
The dirty little secret they don't tell you about regulations is that corporations almost always support legislation that would regulate their industries because they can use it to drive out smaller competitors.
A perfect example of this is HR875, the Food Safety Modernization Act. This bill was basically written by Monsanto and it is designed to kill small-scale, local, and Organic farming, which has been eating into a major portion of their market share in recent years because small scale farmers have been offering a better product at an affordable price.
Another good example is how the FDA is completely bought and paid for by Big Pharma. Merck or Phizer can easily get their Zoloft or Vioxx pills through the FDA approval process which is no guarantee at all that the pills won't kill you. However, when natural, homeopathic treatment that can cure disease better than any of these pills is marketed, the FDA can come in with a Swat team and guns and arrest the purveyors of these medicines.
Corporations like to look good to the public by advocating these regulations on themselves but what they're actually doing is creating a government sanctioned monopoly in a market where nobody else is allowed to enter.
Of course Corporations don't necessarily want to have total scrutiny by the government either which is why they keep a bunch of Republicans on their payroll also in order to insulate them from the fair enforcement of the excessive regulations that the democrats have been putting on their smaller competitors.
Anyone who doesn't understand this concept needs to put their Machiavelli cap on and look at things from the point of view of a big greedy crooked corporation.
Ideally you wouldn't want to have the extremes of either side, too much freedom means your smaller competitors are gonna wipe the floor with you if you aren't doing a good job, but too much control means you gotta jump through government hoops just to run your business. You'd actually like to have the best of both worlds where there are just enough regulations to destroy your smaller competitors, but not so much that you couldn't get away with Murder.