Business and Regulation

I was reading Andrew Tobias' blog and saw this interesting piece.

"talking about the new hedge-fund regulations. Most everyone on Wall Street thought they were a bad idea. “But isn’t it better for the system as a whole?” I asked. The room went quiet, and my boss shot me a withering look. I remember his saying, “I don’t have the brain capacity to think about the system as a whole. All I’m concerned with is how this affects our company.”"

This, in a nutshell, explains why business can't be trusted to guide government policy toward business. They don't care about the whole, only their bottom line.

Here's a link to the original story: http://www.nytimes.com/2014/01/19/opinion/sunday/for-the-love-of-money.html?_r=0