Here is the arguement. Business has limited scope of influence. Businesses compete with each other.
When you get a small group of regulators who control virtually unlimited resources the corruption is much greater and much more harmful. Look at Madoff. $60 billion ripped off – all the while a citizen was pointing his finger but the SEC turned their head.
I agree that there will always be corruption. That is why we need to limit the resources available. The scope of corruption can only encompass the resources available.
Look at Bell California. Only a few deca millions taken from the government becasue that is all they could steal.
