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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 180.72-0.1%Nov 3 9:30 AM EST
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To: Maurice Winn who wrote (159728)8/12/2019 11:17:48 AM
From: Art Bechhoefer1 Recommendation

Recommended By
Maurice Winn

   of 196423
 
Maurice -- "Good riddance to the "regulated" business monopoly profits." Your view is consistent with that of George Stigler, a Nobel laureate who taught at the Univ. of Chicago back in the 1970's. Put another way, as he wrote, regulators tend to be coopted by the very firms or groups they are assigned to regulate. Stigler believed that regulatory agencies were pretty much useless and even counterproductive.

The key here is independence. Regulators cannot do their job if they have preconceived bias, owing to former jobs or other connections. This obviously was the case where the FAA failed to regulate Boeing 387 Max safety equipment, having delegated the inspections to Boeing or former Boeing employees! It doesn't always work this way. I can provide numerous examples. My point is that when regulators don't always work the way they're supposed to, doesn't mean that regulatory agencies should be condemned in total.

Art
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