Adam Smith never espoused the beliefs that control our capitalist system today, that the only purpose of a business is to create shareholder value and that the unfettered market will effectivelyregulate itself.
The commission believes that close ties between some regulators and companies are hampering their ability to regulate telecom companies effectively and fairly.
The U.S. Treasury Department's Financial Crimes Enforcement Network, known as FinCen, last month issued a three-page memo that effectively lays the groundwork to regulate firms that issue or exchange virtual currencies.
As the pair met for their first Commons clash of the new year on 12 January 2011, Mr Cameron said the last government had failed to regulate the City effectively and impose conditions restricting bonuses when it bailed out the banks.
Furthermore, each subsequent version of the bill took even more draconian steps to regulate the Internet, effectively leaving any site with a user-contributed content no choice but to pre-screen every posting to comply with the law.