Self-regulation in the industry was born during President Truman's administration. If anyone looked deeply into the contents of this proposal, they would discover that its initiator was Lin Qi.
When Lin Qi proposed it, the country was at war, and the government's focus was entirely on foreign wars and international politics.
At the same time, the Federal Government's management and control of various industries were not as strict as people imagined.
In industries dominated by major capital, such as heavy industry, even the government had no way to interfere.
So it might as well take a step back. Since it could not control them anyway, it would launch a proposal to bring those people all under its umbrella.
If Mr. Truman had not left this world so early, he should have begun addressing the issue of self-regulation in various industries by now.
By igniting chaos and accusing self-regulatory organizations of raising entry barriers to achieve some form of monopoly,
the Federal Government would be able to go one step further. It could insert its hand into places where it had previously been unable to interfere.
Unfortunately, Mr. Truman had been too hasty.
The current president was nowhere near as brave as Mr. Truman. He did not dare challenge the entire world of capital.
So even with that knife laid right in front of him, he did not dare pick it up, much less stab the forces of capital with it.
Thus, in reality, self-regulation across the entire industry could be considered a failed plan, because no one had carried out its final part.
But from the perspective of capital, it was an exceptionally perfect proposal.
Self-regulation had been based on reasons such as "improving product quality and reducing manufacturers of inferior products," and had already been continuously raising the Access