The Right Regulation Is the Regulation We Should Have

I worry about regulatory capture, but not in the Chicago sense, which I find very nihilistic. The idea that inevitably regulation is captured because the firms involved have more of an interest than the general public. And one thing I learned from your book is that introduce the law on digital rights management that really made much more difficult to have competition. So, this is a case in which the legislator intervenes and intervenes making things strictly worse than they were before.