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New Sears CEO Edward Lampert told Horace Cooper of the National Center for Public Policy Research, a Washington, D.C. based free market think tank, on Wednesday at the annual meeting of Sears shareholders that he believes the country is “over-regulated.”

Cooper initially said to Lampert, “The Sears website gives us reason for concern that Sears is in favor of what essentially would be a private, self-imposed regulatory regime among major retailers, despite its unpopularity with the public.”

“The Sears website says, ‘We accomplish [these sustainability goals] with the help of our vendors (who provide products that fit this criteria), merchants (who choose products that fit this criteria), and partners (who help determine which products fit this criteria),'” Cooper elaborated. “This sounds like exactly what we are concerned about.”

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