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Companies tend to only want regulation when they need to block out competitors by raising the bar to compete. Maybe they're worried about stealth startups that
by stevehawk 7y ago
Companies tend to only want regulation when they need to block out competitors by raising the bar to compete. Maybe they're worried about stealth startups that may already be ahead of them?
- tyre 7y agoThey also tend to ask for regulation when they see stirrings that regulation is on the horizon. Better to shape it then have it forced upon you.
- daxfohl 7y agoIt's not even necessarily anticompetitive motive (though it usually is). It can arise out of NIH syndrome: "well we know this works because we did it, but we don't have as much knowledge about other things and they might be unsafe, so let's encourage standardizing around this." Whether Sundar is pitching it due to anticompete behavior or NIH syndrome is another question.
- jonas21 7y agoWell, also to reduce uncertainty about what the future regulatory environment will look like. If you were planning out a multi-billion dollar investment that would take years to execute, you'd want the regulation in place at the beginning when you could still plan around it rather than being surprised after you've already spent the time and money.