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Less regulatory capture. When companies reach the scale of increasing inefficiency of communication and regression to the mean, the natural barrier to their gr
by pjkundert 10y ago
Less regulatory capture. When companies reach the scale of increasing inefficiency of communication and regression to the mean, the natural barrier to their growth, they replace innovation and competitiveness with erecting barriers to entry into their markets.
Try staring a business in a market with large established players. You'll find that you cannot do many of the things they themselves did to get started -- they have erected legislative barriers preventing replication.
Easy -- just write "think of the children" legislation demanding egregious safety, accounting and legal overhead, trivial to bear at scale, but lethal to new entrants...