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Most regulation does not come from anyone trying to keep the public safe but from an entrenched interest using government to shut its competitors down.

Drawn from what Blake Scholl said

government

government What states are for and what they are worse at than markets and networks: legitimacy, moral hazard, and who may be entrusted with power.

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What Blake Scholl actually said

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  1. Blake Scholl

    Founder and CEO of Boom Supersonic

    By the way, this is the pattern in a lot of regulation. It doesn't come from like some well-meaning person trying to keep the public safe. It comes from some entrenched, frankly, lazy interest that doesn't want to have to compete and runs to DC or runs to the local regulator and tries to use the power of government to shut their competition down. I think this is deeply unethical, but it happens all the time.

Added to korrents 28 Jul 2026 · How quotes work · Something wrong? Tell us

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