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All I see is a great opportunity for the big guys to go from regulation -> regulatory capture -> rent seeking. When you have a few big players they love to see

All I see is a great opportunity for the big guys to go from regulation -> regulatory capture -> rent seeking. When you have a few big players they love to see regulations that make it harder for upstarts to enter the market since they won't have an army of employees who's only job is to ensure compliance with the bureaucratic demands.

adventured 9y ago
Facebook will be at $80 billion in sales in about three years. What could be better as a corporate juggernaut of that scale, than to have the government protecting your ass from competition by dramatically raising the bar to competition. Every regulation added to the Web/Internet, that a start-up has to comply with, is a benefit to the entrenched hyper rich giants. Regulators better be damn careful every time they lean toward giving in to emotionalism and seek to regulate as the easiest placation tool. The US has seen a century of this scenario play out in every single major economic sector. We already know how it ends: stagnation, low growth, zero innovation, layoffs, and perpetual rent seeking rotting corporations with low competitive threats domestically.
- cinquemb 9y ago
  >Facebook will be at $80 billion in sales in about three years. What could be better as a corporate juggernaut of that scale, than to have the government protecting your ass from competition by dramatically raising the bar to competition. I already felt the legal pressures from linking to facebook users profiles with a C & D[0] on bootstrapped company with a friend ($100k annualized in year 3), so I decided to move to Indonesia and will relaunch here. >The US has seen a century of this scenario play out in every single major economic sector. We already know how it ends: stagnation, low growth, zero innovation, layoffs, and perpetual rent seeking rotting corporations with low competitive threats domestically. Exactly, and in this day in age, it seems like even if one has the tech to compete, you can always be undermined by the incumbents dropping the ladders on the way up. Luckily, it's easier than ever to leverage other government's laws (or lack of jurisdiction) agaisnt one another. [0] https://www.chillingeffects.org/notices/2037976 https://www.chillingeffects.org/notices/2037976
shaki-dora 9y ago
Facebook and Google have been quite successful in defending their respective market shares. Regulation, if it lowers the value of the market by, for example, making shady political ads less lucrative, would seem to be more threatening to them, currently. That’s not to mention that regulators tend to be more cognizant of regulatory capture and their effects on the market than people give them credit for. That’s why you see revenue or other cutoffs in many regulations.

adventured 9y ago

Facebook will be at $80 billion in sales in about three years. What could be better as a corporate juggernaut of that scale, than to have the government protecting your ass from competition by dramatically raising the bar to competition. Every regulation added to the Web/Internet, that a start-up has to comply with, is a benefit to the entrenched hyper rich giants. Regulators better be damn careful every time they lean toward giving in to emotionalism and seek to regulate as the easiest placation tool. The US has seen a century of this scenario play out in every single major economic sector. We already know how it ends: stagnation, low growth, zero innovation, layoffs, and perpetual rent seeking rotting corporations with low competitive threats domestically.

cinquemb 9y ago
>Facebook will be at $80 billion in sales in about three years. What could be better as a corporate juggernaut of that scale, than to have the government protecting your ass from competition by dramatically raising the bar to competition. I already felt the legal pressures from linking to facebook users profiles with a C & D[0] on bootstrapped company with a friend ($100k annualized in year 3), so I decided to move to Indonesia and will relaunch here. >The US has seen a century of this scenario play out in every single major economic sector. We already know how it ends: stagnation, low growth, zero innovation, layoffs, and perpetual rent seeking rotting corporations with low competitive threats domestically. Exactly, and in this day in age, it seems like even if one has the tech to compete, you can always be undermined by the incumbents dropping the ladders on the way up. Luckily, it's easier than ever to leverage other government's laws (or lack of jurisdiction) agaisnt one another. [0] https://www.chillingeffects.org/notices/2037976 https://www.chillingeffects.org/notices/2037976

shaki-dora 9y ago

Facebook and Google have been quite successful in defending their respective market shares. Regulation, if it lowers the value of the market by, for example, making shady political ads less lucrative, would seem to be more threatening to them, currently. That’s not to mention that regulators tend to be more cognizant of regulatory capture and their effects on the market than people give them credit for. That’s why you see revenue or other cutoffs in many regulations.