Regulations have to do with what is allowed and what is not allowed. They establish what an individual, organization, or business can or cannot do. Regulations shape behaviors, actions, conduct, aims, and outcomes.
Regulations are often used in self-serving ways by different factions of the rich to benefit themselves while disadvantaging other wealthy competitors. Those with the most political-economic power hold sway and fashion regulations as they alone see fit. As in other spheres of capitalist life, “might makes right.” Power, not reason or principles, dominates affairs. The main point is that regulations, like laws and policies, are always political. They have a class character to them. Regulations are not neutral or above class interests because we do not live in a classless society.
The main question is who is creating or eliminating regulations and for what aims? The key issue is not whether regulations are “good” or “bad”, per se, or how many or how few there are, but which one of the two major classes in society do they serve? Regulations are a tool of class warfare. There is a big difference, for example, between capital-centered regulations verses human-centered regulations. The former serve the wealthy few who dominate society while the latter serve the common good.
Regulations and regulators have, of course, frequently failed to block many “bad behaviors” and problems. Regulation does not always work. Regulation does not…