Facebook Objects to Chris Hughes Essay Calling For Its Breakup
The New York Times cites President Kent Lassman on industry-specific regulations.
But Kent Lassman, the president of the Competitive Enterprise Institute, said industry-specific regulations can backfire. Established business interests will use them to ward off competition, he said. “It is absurd for innovative companies to require constant permission from regulators like the F.T.C. to adapt to a dynamic market.”