Banks Quote by Ted Cruz
“Often you see big companies, big banks who are eager to embrace crushing regulatory burdens because they drive up everyone's costs.”
About This Quote
Source Speech: Senate floor remarks, 2018
Large firms accept heavy regulation because it raises costs for competitors, protecting their market share.
In simple terms: Big firms support regulation to increase rivals' costs.
Recognize how regulation can be used strategically.
Themes
Mood
Type
When to use this quote
- Corporate strategy
- policy lobbying
- industry pricing
- competitive advantage
Key Concepts
Questions to Reflect On
- How does regulation affect small businesses?
- Can regulation be reformed to be fair?
Regulation may also harm consumers and innovation.