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- #21
That's a thorny matter. Constructions are subjected to building codes, banks are subjected to capital or reserve requirements. Food is also subjected to quality controls set by regulations.Socialism is when the govt/collective own the means of production.
If they don't own it but regulate it so heavily to affect the free market, it is crony capitalism/corporatism
I know not all regulations are necessary or desirable. But drawing the line between superfluous and cumbersome regulations and those that are actually needed is not a simple matter.