Republicans, Democrats, Facebook want to team up to regulate away competition

Republicans, Democrats, Facebook want to team up to regulate away competition

Sen. Lindsey Graham, a South Carolina Republican who is more pro-business than most, asked Mark Zuckerberg, CEO of Facebook, if he welcomes regulation of his business. "If it's the right regulation, yes," Zuckerberg said. "Would you submit to us some proposed regulations?" Graham asked him. This is how regulatory capture happens.