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The concern is that complexity is a subsidy to the large and well connected. Regulatory capture is a particular example of that: https://en.wikipedia.org/wiki/
by humanrebar 9y ago
The concern is that complexity is a subsidy to the large and well connected. Regulatory capture is a particular example of that:
https://en.wikipedia.org/wiki/Regulatory_capture https://en.wikipedia.org/wiki/Regulatory_capture
...so if Google gets severely impacted by regulations, they have the money, connections, and power to get the rules (or at least their enforcement) altered. Small players just go out of business and we forget about them.
See all the community banks and hospitals that have been getting punished in the last ten years. Big banks and big hospitals are figuring out all the new changes just fine. But the disparate outcomes are clear enough that I am surprised by arguments that regulations are good for little players and bad for small ones.