4 ms·
Since when has more regulation translated in more entrepreneurship?
by Mahn 8y ago
Since when has more regulation translated in more entrepreneurship?
- hannasanarion 8y agoHow is an entrepeneur with a sense of ethics supposed to compete in the current environment? When there is no regulation, the people with less scuples are the winners, not the people with better product.
- criddell 8y agoI was thinking about this the other day. Didn't the HIPAA regulations create a whole new industry around the handling of patient records?
- woogle 8y agoI think the point was something like “constraint forces creativity”
- deleted 8y ago[deleted]
- ufo 8y agoCurrently, honest companies that respect the user's data cannot compete with companies that try to profit as much as possible from our it. I see this as similar to regulating pollution. Forbidding companies from cutting costs by polluting the air and the rivers allows for innovation and entrepreneurship in cleaner alternatives.
- donarb 8y agoWhat? Apple's stance on user data privacy is a selling point in the market. They're not really hurting against other companies.
- chomp 8y agoI hate iOS and love Android, the only thing keeping me buying iPhones is my support for Apple's user privacy compared to Google.
- ufo 8y agoApple can only do that because they rule their hardware platform with an iron fist. They also position themselves as a premium product and do not / cannot compete with google in terms of price. While apple products (and iOS specially) are very popular in the US, here in Brazil you almost never see them.
- jogjayr 8y agoOff the top of my head, Obamacare led to the founding of Zenefits and other companies in that industry. The EPA's exhaust regulations in the 1970s arguably birthed the catalytic converter industry. If the regulation is costly enough or introduces sufficient compliance risk, the rise of an industry to help companies comply with it is almost inevitable.