Self regulation means that the correct ammount of products will be made and distributed, as making too much leads to losing money, and too little to not realizing the potential of the investment.
Other than that, you are not talking about the same sense of the word regulation.
You’re mistaken, in this context it is when an industry or sector lobbies against governments regulating them, on the basis that’s it’s too complicated or expensive, and argues that they can do a better job themselves.
Because no reasonable person who defends the free market and self regulation would use it in that manner, and for that reason this becomes very strawman-y.
You’re incorrect here, self regulation in this context means letting the individual industries try to follow all sorts of laws/regulations on their own. For example, Boeing was allowed to self-regulate for some time (and they probably still are to some degree) meaning the FAA and other relevant government agencies were not doing things like inspections - they left a lot of it up to Boeing. Then Boeing had two 737 MAX crashes due to MCAS and a door panel blow off near Portland, OR
I admit it’s not an authoritative source, but it demonstrates that the usage you are claiming doesn’t exist does in fact exist, at least to some extent. While your definition may well be what it means in certain limited contexts, it’s very obviously not the sense OP was using.
Because thats not what self regulation means?
Self regulation means that the correct ammount of products will be made and distributed, as making too much leads to losing money, and too little to not realizing the potential of the investment.
Other than that, you are not talking about the same sense of the word regulation.
You’re mistaken, in this context it is when an industry or sector lobbies against governments regulating them, on the basis that’s it’s too complicated or expensive, and argues that they can do a better job themselves.
So what you’re saying is, you’re talking about another meaning of self regulation than the meme.
Why are you doing that?
Because no reasonable person who defends the free market and self regulation would use it in that manner, and for that reason this becomes very strawman-y.
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You may be right there, but it is how a lot of politicians use it.
You’re incorrect here, self regulation in this context means letting the individual industries try to follow all sorts of laws/regulations on their own. For example, Boeing was allowed to self-regulate for some time (and they probably still are to some degree) meaning the FAA and other relevant government agencies were not doing things like inspections - they left a lot of it up to Boeing. Then Boeing had two 737 MAX crashes due to MCAS and a door panel blow off near Portland, OR
I admit it’s not an authoritative source, but it demonstrates that the usage you are claiming doesn’t exist does in fact exist, at least to some extent. While your definition may well be what it means in certain limited contexts, it’s very obviously not the sense OP was using.
E: https://en.wikipedia.org/wiki/Industry_self-regulation