3 ms·
>Big corps actually love regulations for the barriers to entry they create, and most of them already have a whole host of regulatory compliance teams armed and
by minikites 7y ago
>Big corps actually love regulations for the barriers to entry they create, and most of them already have a whole host of regulatory compliance teams armed and ready to dissect the next big regulation that comes.
So then why do big corporations spend so much time and money lobbying against regulation?
- jtc331 7y agoIt’s more nuanced than either of these ways of putting it. They lobby for specific regulation packages that work well for keeping competitors out. Regulation does set up barriers to entry, generally by definition. Needing to have lawyers e during compliance etc. is expensive. So $BIGCORP’s ideal position is regulation that they can absorb easily but smaller competitors can’t.
- pixl97 7y agoAnd I will ask, why do big corporations spend so much time and money lobbying for regulations that benefit them?