Huge corporations can and do engage in regulatory capture. Governments don't force those corporations to do anything they didn't want to do in the first place.
Bank lending had to hit diversity quotas.https://twitter.com/MarcusMcFart/status/1167835312598351872 …
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My point is that huge corporations do what they want, and then use governments as scapegoats when necessary. Regulatory capture is an observed and well-documented phenomenon. Governments bending large corporations to their will is a hypothesis for which evidence is lacking.
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I guess you never heard about Microsoft. Govt bent them over the barrel pretty hard. Now they're an example for all other big corps to play ball with the govt or else.
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Which of Microsoft's competitors profited from that?
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I can't believe that some folks are just learning about this!
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It’s called redlining
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Correct, as usual.
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You got a source on that claim?
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New conversation -
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Start with the movie “the big short”
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