Mr. Speaker, this is one of the great popular misconceptions. A lot of people think big business does not like regulation. Actually, a lot of big corporate business likes to use excessive regulation in order to keep out competition, and it is often in the sectors where we have the heaviest regulation that we have the least competition. The lobbyists for those powerful corporate interests then influence the regulators and the politicians to make it more and more difficult for anyone to break in. Why should we be surprised by that?
Powerful big incumbents have the resources to lobby. Entrepreneurial upstarts do not. They are scrambling just to get by. That is why we always see these powerful corporations stepping up with more and more recommendations for government intervention. It is designed to protect their ability to stay on top. We believe in opening up the free market to true competition so the entrepreneurial upstarts can get ahead, can do as Benjamin Franklin said, and that is “Do well by doing good”.