[asdasdsddd]

Do you think inequality has risen or decreased as the size of the government increased? Regulatory capture can only exist with the existence of unchecked regulatory power. I personally work in a space that is insanely difficult to new entrants because of the thousands of regulations you need to comply to (90% are garbage btw). If tmrw, our industry had a regulation reform, the entrenched players would die overnight.

[lmm]

> Do you think inequality has risen or decreased as the size of the government increased?

I would say inequality decreased as the size of the government increased, and inequality increased as the size of the government decreased from its 1967 peak, yes. The New Deal was the single greatest reduction in inequality in national history.

[afiori]

I am not arguing for or against size of the government, nor I am arguing long term strategies, I am saying that ripping out wellfare programs is a rugpull on a lot of people

[intended]

Inequality has generally gone down as time goes by.

Because regulations cut both ways. They stop bad actors and they stop innovators.

Innovators thrive at the start of an industry, later once its commoditized, its going to be driven by people who want to cut corners. See enshittification.

Regulations put a ceiling on harm by bad actors.

Either we need industries that do not obey such laws of physical reality and entropy, or we need to accomodate for the most probable occurrence efficiently.

You will always have examples of failures of these regulations, the measure of their efficiency is from the counterfactual losses and gains.