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I feel like our entire mechanism of discourse on this topic is broken. It is not useful to regard regulations in general terms because the factors that underpin
by root_axis 9y ago
I feel like our entire mechanism of discourse on this topic is broken. It is not useful to regard regulations in general terms because the factors that underpin whether or not a regulation is good or bad is entirely dependent on the details of the regulation and the context in which it is applied.
> But that's the real issue: regulations in general are not good
This is akin to saying "laws in general are not good", when they are simply a tool. Of course, overzealous regulation is a stifling obstacle for small businesses, but this is something we can all agree on, the disagreements always come down to the details.
> regulatory capture: regulations end up benefiting the industries being regulated
Yes, this is a negative side effect of regulation, but there are also positive side effects from regulation and we have to evaluate the spread on a case by case basis (or at the very least, differentiate the ramifications of specific kinds of regulations per a given industry). At the end of the day, regulations are society's response to a sordid and well-documented history of abuse by corporations; that doesn't mean regulations should be punitive, but they are a necessary tool.