Businesses, especially larger ones, aren’t afraid of regulation. They often welcome it. They can use rules to stifle competitors, or can pad their profits by forcing consumers to pay higher prices. There’s a reason so many businesses have a Washington office. They’re trying to influence regulations and regulators alike.
This is called regulatory capture, and George Washington University’s Susan Dudley gives some examples in the video below. Click here if the embedded video below doesn’t work.