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Why self-regulation and government intervention are at a crossroads

For some politicians and business leaders, regulation is a dirty word. The arguments generally go that regulation is bad for economies as it stifles innovation and growth. Too much red tape and bureaucracy, too much government intervention. Triumphalist, propaganda-like statements from the White House in the US last October, and a bizarre Economic Report of the President 2020 have done little to clarify the argument, either for or against. Claims that the Trump administration’s repeal of the net neutrality rules will increase real incomes by more than $50 billion per year and consumer welfare by almost $40 billion per year seem ridiculous. There is no evidence that de-regulation in the US has or will improve broadband prices or services, either now or in the future.


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