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Classic regulatory capture. Once you're big enough lobby effectively, get legislators to pull the ladder up from behind you. This reminds me: I was working at
by skohan 7y ago
Classic regulatory capture. Once you're big enough lobby effectively, get legislators to pull the ladder up from behind you.
This reminds me: I was working at a small health services startup in 2009. We had a good relationship with a number of small-scale healthcare providers, and when the ARRA was passed mandating that all providers move to electronic health records, we evaluated the concept of getting into that business. We concluded that there was so much legal red tape in that sector that the only way to legally create an EHR product would be if your lawyers were the ones writing the laws governing them (which would have been true for Epic and McKessen).
- dontdoitpls 7y agoBlows my mind how many people ignore this problem when they demand more regulations.
- dmix 7y agoThey always talk about the big evil Facebooks of the world when they demand regulations that hit entire industries and mostly just keep the same big companies in power. The regulations never just target the big firms who caused the individual incidents that caused the outrage or the individuals only doing bad behaviour. Nor does the regulations go away as industries adapt, change for the better, or get disrupted over the course of decades the same old laws apply, further keeping old entrenched powers in place and their negative anti-consumer behaviour which markets were attempting to correct. It's the story of modern America industry. And it always starts with good intentions.
- take_a_breath 7y agoIt blows my mind how many people talk about over-regulation but almost never target regulatory capture. Examples include liquor laws in Indiana and Texas not allowing Tesla to sell cars direct-to-customer.