3 ms·
You could say that having to follow tax regulations also reduces the number of people willing to enter any market. Should we also drop requirements for pharmace
by lagadu 9y ago
You could say that having to follow tax regulations also reduces the number of people willing to enter any market. Should we also drop requirements for pharmaceutical companies to do their thing? I'm 100% certain we'd have thousands of new "pharmas" popping up within a short amount of time.
Obviously this is a silly simile but the point remains: certain types of business have certain regulations, in this case if a business relies on keeping your private data then they have to follow the appropriate regulations, like most other fields.
- indymike 9y agoHow many cures have not been discovered because of the cost of regulation? Does every regulation save lives? Please. There is a balance between serving the public interest (safety and feel good theatrics like GDPR) and what is actually the public's interest (cure to cancer, the internet, etc...).
- chopin 9y agoWe had bad pharmaceuticals despite regulation. As well, there are many promising (tested on few individuals) pharmaceuticals which did not survive broad clinical trials.