If correct/moral/societally beneficial behavior was the most profitable then no regulation would be needed.
Lacking regulation also has a cost, it's just not to the unregulated. Dumping waste into a river is cheap for the business doing the dumping, but has environmental impacts on everyone downstream. It's more expensive to properly dispose of or recycle waste material, that's why a regulation that you must do that is needed.
The market simply does not hold bad actors accountable in any meaningful way. As a result, it pays to be a bad actor.
It's simply not a black and white issue. There are bad regulations to be sure. But it's not nearly as simple as saying that less regulation is better or that more regulation is better. The right amount is good and the wrong amount is bad. What that amount is is up for debate.
This applies also to enacting monstrously stupid regulations. Or even ones that were introduced entirely as revenge or to create opportunity for corruption.
If correct/moral/societally beneficial behavior was the most profitable then no regulation would be needed.
Lacking regulation also has a cost, it's just not to the unregulated. Dumping waste into a river is cheap for the business doing the dumping, but has environmental impacts on everyone downstream. It's more expensive to properly dispose of or recycle waste material, that's why a regulation that you must do that is needed.
The market simply does not hold bad actors accountable in any meaningful way. As a result, it pays to be a bad actor.
It's simply not a black and white issue. There are bad regulations to be sure. But it's not nearly as simple as saying that less regulation is better or that more regulation is better. The right amount is good and the wrong amount is bad. What that amount is is up for debate.