Federal regulation is pro-monopoly

Here is a good example of how most Federal regulation of the marketplace is actually written and designed, and lobbied for by the bigger businesses, in an effort to remove their smaller competitors from the market.

This bill was HEAVILY lobbied for by Mattel, and the only Representative in Congress to vote against it was ... you guessed it ... Ron Paul.

Tuesday, February 3, 2009 | Last Update 3:37 EST
www.dcexaminer.com

Washington toy story shows why regulation helps the big guys
By Timothy P. Carney
Examiner Columnist | 1/30/09 5:10 PM

Thousands of self-employed businessmen, artists, and boutique owners who make or deal in hand-crafted children’s toys, clothes, or furniture could be out of work next month. A 2008 federal law, with the salutary-sounding name “Consumer Products Safety Improvement Act,” could drive these craftsmen out of business.

Big toymakers, who helped write the bill, are ready for the regulations that will go into effect Feb. 10, while smaller toymakers look likely to suffer. It’s another example of how Washington, when it regulates an industry, often helps the biggest businesses in that industry while crushing the smaller guys.

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