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Regulations benefit larger companies that can afford compliance departments, legal protection, and lobbyists. Imagine EvilCorp on the one hand, with 50+ employ
by mLuby 8y ago
Regulations benefit larger companies that can afford compliance departments, legal protection, and lobbyists.
Imagine EvilCorp on the one hand, with 50+ employees dedicated to ensuring they stay just barely on the side of the law (while exploiting all the loopholes they can), and TinyShop on the other, which has 10 employees _total_ and has to spend a much larger percentage of available time, energy, and money ensuring they don't get shut down by a regulator.
Regulations are important (that your town is healthy again is the main point), but they are also a barrier to entry that favor large, established companies over small startups.
- maxxxxx 8y agoIf you can afford more lawyers you are always at an advantage. Even the “regulations” against theft or harming other people have a bigger impact on people with less money but we still have them. So saying “all regulations are bad” is just not very smart. Without regulations we would be living in a polluted world with child labor and unsafe workplaces. Every piece of food you buy may kill you. The wheels on your car may be falling off at high speed. I agree that there is room for improvement but regulations are a big part of what makes a modern civilized society.