5 ms·
>I hope in the future there are more companies that try to align incentives with their customers Sometimes the invisible hand is invisible because it's not the
by minikites 7y ago
>I hope in the future there are more companies that try to align incentives with their customers
Sometimes the invisible hand is invisible because it's not there. I don't understand how "fewer regulations" is supposed to address problems like these, or really any market failure state.
- StanislavPetrov 7y agoPerhaps if you consider "regulations" like the DMCAA, "intellectual copyright" laws, patent laws and a host of other laws and regulations that criminalize the repair or alteration of machinery or other items that have been purchased you might garner a better understanding. If farmers weren't prevented by law from repairing or altering the equipment they've purchased this problem largely would not exist.