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It's easy to ridicule this post, as this comment section demonstrates, but there's a point hidden behind the apparent ignorance insofar as cnbc has reported it.
by squirrelicus 7y ago
It's easy to ridicule this post, as this comment section demonstrates, but there's a point hidden behind the apparent ignorance insofar as cnbc has reported it.
Startup culture has demonstrated that they are uninterested in following and very interested in subverting long standing regulations that exist for good reasons.
It's not clear how to solve this problem, and there's a certain quasilibertarian bias that legitimizes it, as the federal register is incomprehensibly large, such that only long established networks of expensive lawyers can wrangle it, which stifles innovation.
The difficult part, however, is making the case that innovation ought to happen in this space anyway.
- CryptoPunk 7y ago>>subverting long standing regulations that exist for good reasons. Do you have evidence that they exist for good reason? It seems to be central economic planning, based on the delusional idea that cookie-cutter rules designed to regiment every class of interactions will preempt misbehavior and promote socially beneficial behaviour. The opportunties for special interests to stifle competition with regulations are replete, so there are many explanations for regulations existing besides their being in the public interest.