> Due to other unnecessary government regulation. Regulations always have a snowball effect.
This is simply not true. If it was not regulated at all, the situation would be worse. This is an industry that has a natural tendency to become mono/oligo-polic. (Similarly to water supply inustry.)
> That's the customer's problem, not the government's. It benefits customers who do make optimal decisions.
That deserves a longer discussion but I'll try to sum it up. One example of a regulation that helps customers make better decisions is that misleading advertisment is banned. When I say regulation, I mean that the customers collectively decided that it would be better for everyone if misleading ads were banned. There's absolutely nothing wrong with this.
This is simply not true. If it was not regulated at all, the situation would be worse. This is an industry that has a natural tendency to become mono/oligo-polic. (Similarly to water supply inustry.)
> That's the customer's problem, not the government's. It benefits customers who do make optimal decisions.
That deserves a longer discussion but I'll try to sum it up. One example of a regulation that helps customers make better decisions is that misleading advertisment is banned. When I say regulation, I mean that the customers collectively decided that it would be better for everyone if misleading ads were banned. There's absolutely nothing wrong with this.