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Can you back up such strong and broad claims with something?

by hau 8y ago

baxtr 8y ago
Not every claim on HN needs a backup. This one makes total sense to me. In this case, the article itself shows that regulation is definitely decreasing alternatives, which in turn can lead to monopolies
- tommorris 8y ago
  Glad you can tell how regulation affects a market after less than one day of being active law, and zero enforcement actions or cases suggesting how courts/regulators are going to interpret the rules.
  - lajhsdfkl 8y ago
    You do know that GDPR is not the first regulation that has ever been written correct? There is a huge body of economic literature already dedicated to the subject.
    - freeflight 8y ago
      And you do know that not all regulations are the same? You are making it sound like some kind of universal consensus on the validity of regulations exists, but such a consensus does not exist because it's a way too complex, and wide, topic to be making blanket statements about.
- denzil_correa 8y ago
  > This one makes total sense to me A lot of things “make sense” but aren’t true.
paulddraper 8y ago
It's hardly disputable that regulation creates barriers to entry. Nor it is disputable that barriers to entry limit competition. See everything from lemonade stands[1] to taxis[2] to banks[3]. What is disputable is whether in total a regulation has a net positive or negative effect. [1] http://www.newyorkcityfamily.com/2017/08/are-lemonade-stands-legal-in-new-york.html http://www.newyorkcityfamily.com/2017/08/are-lemonade-stands... [2] https://www.linkedin.com/pulse/uber-business-model-breaking-traditional-barriers-entry-jack-welch https://www.linkedin.com/pulse/uber-business-model-breaking-... [3] https://www.investopedia.com/ask/answers/031015/what-barriers-entry-exist-financial-services-sector.asp https://www.investopedia.com/ask/answers/031015/what-barrier...
- vidarh 8y ago
  That it can, sure. It can also reduce barriers to entry. E.g. entering the ISP market anywhere in the EU is vastly simpler than it was, since the incumbents have faced legal requirements to lease last mile capacity at regulated prices (e.g. in the UK you can go to OpenReach's site and download the wholesale price lists), while they can also lay their own cables if then can afford it.

Can you back up such strong and broad claims with something?

by hau 8y ago

Can you back up such strong and broad claims with something?

Not every claim on HN needs a backup. This one makes total sense to me. In this case, the article itself shows that regulation is definitely decreasing alternatives, which in turn can lead to monopolies

tommorris 8y ago
Glad you can tell how regulation affects a market after less than one day of being active law, and zero enforcement actions or cases suggesting how courts/regulators are going to interpret the rules.
- lajhsdfkl 8y ago
  You do know that GDPR is not the first regulation that has ever been written correct? There is a huge body of economic literature already dedicated to the subject.
  - freeflight 8y ago
    And you do know that not all regulations are the same? You are making it sound like some kind of universal consensus on the validity of regulations exists, but such a consensus does not exist because it's a way too complex, and wide, topic to be making blanket statements about.
denzil_correa 8y ago
> This one makes total sense to me A lot of things “make sense” but aren’t true.

paulddraper 8y ago

It's hardly disputable that regulation creates barriers to entry. Nor it is disputable that barriers to entry limit competition. See everything from lemonade stands[1] to taxis[2] to banks[3]. What is disputable is whether in total a regulation has a net positive or negative effect. [1] http://www.newyorkcityfamily.com/2017/08/are-lemonade-stands-legal-in-new-york.html http://www.newyorkcityfamily.com/2017/08/are-lemonade-stands... [2] https://www.linkedin.com/pulse/uber-business-model-breaking-traditional-barriers-entry-jack-welch https://www.linkedin.com/pulse/uber-business-model-breaking-... [3] https://www.investopedia.com/ask/answers/031015/what-barriers-entry-exist-financial-services-sector.asp https://www.investopedia.com/ask/answers/031015/what-barrier...

vidarh 8y ago
That it can, sure. It can also reduce barriers to entry. E.g. entering the ISP market anywhere in the EU is vastly simpler than it was, since the incumbents have faced legal requirements to lease last mile capacity at regulated prices (e.g. in the UK you can go to OpenReach's site and download the wholesale price lists), while they can also lay their own cables if then can afford it.