11:50:41

WEIGELIf you get into politics in order to deregulate, if you want to make things easier for the creators, you're going to attract the attention of capitalists who want to organize legislation so that they get more benefits from it. It doesn't need to be benefits directly to their company. It might just be tax breaks but in a lot of cases you're going to be interacting with business in a way that's complicated. I don't mean to be glib about it but this is a real problem. This is, again, something Adam Smith wrote about. Laissez-faire is good, but you can't trust capitalists on their own word because they're always going to try to take more out of the system.