What are the arguments for and against government regulation of businesses and industries in a capitalist system explain which side of the argument you favor with appropriate evidence

Those who oppose regulation of industries in a capitalist system often argue that regulation leads to inefficiency. The argument is that economics runs as a naturally regulated system (often referred to as the "invisible hand") and intervention by governments ruins the natural balance of industries, leading to a bad economy. Therefore, lack of regulations should lead to higher profits and more competitive industries.

Those who support regulation argue that in the pursuit of efficiency, profits are given more importance than human lives, and industries get a free pass to do anything they need to do in order to get more profits, whether this includes violation of human rights, unethical practices, encouraging consumerism, damage to the welfare state, massive layoffs, etc. They also argue that there is very little evidence to support the idea of the "invisible hand" actually improving economy.

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explanation:

1. between 1754 and 1763

2. a land bridge between siberia and alaska that was exposed during the most recent ice age when the waters of the bering strait receded.

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