Philip Booth writes for City A.M.
Writing in City A.M., Philip notes that the growth of financial regulation seems “inexorable”, in 1980 there was one UK regulator for every 11,000 people employed in finance, compared to one for every 300 people by 2011, with government regulators seen as the default option.
Philip also notes historical self-regulation was often better able to adapt to market imperfections, providing a better service for companies and consumers than government regulators.
Read the full piece here.
‘Regulation without the State’ is available to download from the IEA website.