3 ms·
It takes a while to realize nearly every law is anti-competition protectionism. I didn't realize it until I was working for a multinational food company and th
by edoo 8y ago
It takes a while to realize nearly every law is anti-competition protectionism. I didn't realize it until I was working for a multinational food company and the managers were bragging about how the company lobbied for a safety bill that exactly regulated their own industry in a way that cost their competitors billions in compliance fees. They were proud of it. I was disgusted.
- asdff 8y agoDisgusting, but know that there are good regulations—like environmental protections—that are frequently combatted by industry groups and tend to get weakened by the Republicans before they pass into law. Regulation can be abused by industry and corrupt politicians for anticompetitive reasons, but most of the time, it's to force companies from doing highly profitable things that aren't good for people or the planet; its much cheaper to just dump all your hazardous waste into the river, after all.