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But investors use their wealth and their own governments' power to impede regulation.
For British governments, power is delightful, and absolute power is absolutely delightful.
For successive governments, power has been used to dispense patronage and reward voters with jobs – a practice that increasingly triggered labour unrest and dragged down the economy.
The "general anti abuse" laws would also give national governments power to "disregard" company transactions made purely to avoid tax, and would apply to bilateral agreements between countries to prevent companies shifting profits from one country to another.
He added that the first generation of hydrogen fuel cell vehicles, which are expected to be launched over the next five years, would require "unconventional collaboration" among car makers, governments, power firms and researchers.
Who would decide whether the regulatory areas are within local governments' power to alter?
Similar(52)
In the U.S., government power is derived from the consent of the governed.
"A GROSS abuse of government power".
GOVERNMENT power has long depended on counting things.
This scandal was a blatant abuse of government power.
In Greece today, government power comes with few trappings.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com