Bryan Caplan on Hayek, Richter, and Socialism
EconTalk
00:00
I'm Not an Anarchist, but I'd Like to See Government Engagement in Anti-Pollution
The division between formal regulation and as soon as you start hiring people, you start worrying about getting sued is interesting. What it's really done, I think, over the last 20 years, has made it easier for large companies to avoid competition because they can outsource a lot of these costs. Hayek was very worried about competition and was willing to see some government policy and regulation to increase competition if it could do so.
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