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In the US regulation is reactive, but you can sue for damages. In the EU regulation tries to be proactive, but it is much harder to sue for damages. So from th
by lumberjack 8y ago
In the US regulation is reactive, but you can sue for damages. In the EU regulation tries to be proactive, but it is much harder to sue for damages.
So from the perspective of a startup trying to get in this market, this sort of environment might prove superior, because your business risk is much reduced. You know what sort of standards you must follow and as long as you follow those standards you do not have to worry about being blamed for negligent murder by the family of every accident victim.
- pitaj 8y agoYes but complying with that regulation is a larger up front cost, which raises the barrier to entry.