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Regulations that don’t achieve anything create a massive drag on innovation and commerce. Every regulation is a compliance check that needs to be paid for, a la
by paggle 7y ago
Regulations that don’t achieve anything create a massive drag on innovation and commerce. Every regulation is a compliance check that needs to be paid for, a lawyer that needs to be hired, etc. which advantages incumbents.
It’s like lines of code in a program — each one makes the application worse, so each one should have a purpose that it achieves.
- mdavidn 7y agoThe law would not be necessary if companies were upfront with how they collect and process information about individual consumers. Now this is a compromise many consumers want.