“2017 marked a year of tearing down consumer protections ‘brick by brick'”

From the LA Times:

If … you think government has a role to play in ensuring fair play by companies that have shown themselves to be guided almost exclusively by self-interest and a disregard for consumers and public welfare, this year has been nothing short of horrendous.

And 2018 doesn't look much better.

The Trump administration has been single-mindedly focused on getting rid of rules and regulations that businesses say hindered competition, innovation and free markets.

"The consumer protections that were put in place over the past two generations are being destroyed brick by brick under the Trump administration," said Sally Greenberg, executive director of the National Consumers League.

That might sound like hyperbole, but it was a sentiment echoed by every consumer advocate I spoke with.

"This has been the most anti-regulatory and deregulatory administration in American history," declared Robert Weissman, president of Public Citizen.

He told me "there is zero evidence" for the business community's insistence that fewer rules translates to more jobs and a more vibrant economy.

"On the other hand, there is ample evidence for the benefits of regulation," Weissman said. "Society is far, far better off, in economic terms, when there are rules on the books and constraints on corporate wrongdoing."

The full article is here.

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