Political Will and Governance

Abstract

Private enterprise is subject to the inexorable pressure of having to make a profit above all else. Businesses that fail in this do not survive, a structural constraint that makes it virtually impossible for the private sector to take a neutral view towards being regulated, especially if a regulation limits even its short-term profit-making possibilities. The question of whether the regulation in question is in everyone’s interest, including its own, does not enter into its deliberations.