The lack of regulation and legislation for which the business lobbyists press is rarely to support entrepreneurship; in most instances, it is a sophisticated form of corporate welfare.
Of course he’s right there. Much regulation and legislation is indeed corporate welfare. It protects the incumbent suppliers from the insurgents.
Which is, of course, why we’d rather have less regulation so that those incumbents can indeed be challenged.
Amazingly, that’s not the point that Hutton makes. Surprising, eh?