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Regulations are fluid and often end up raising the barrier to entry often stifling the competition.
by dkdk8283 6y ago
Regulations are fluid and often end up raising the barrier to entry often stifling the competition.
- amaccuish 6y agoCompanies are often fluid, especially smaller ones, and can more easily adapt to a changing world.
- dcolkitt 6y agoThis just isn’t consistent with the empirical evidence whatsoever. An overwhelming amount of economic analysis shows that the burden of regulation disproportionately falls on small business. That doesn’t necessarily mean that there aren’t other justifications for any given regulation. But ain’t no small business owner or entrepreneur in history ever said “Boy! All these regulations sure are making my life easy”
- tstrimple 6y agoYeah, we never see examples of small teams disrupting large markets with entrenched competitors. I'm afraid with taxi medallion regulations, we'll never see any competition in that space.
- dcolkitt 6y agoI don't understand the point you're making. Are you arguing that tax medallion regulations helped ride share companies enter the market?
- alisonkisk 6y agoParent was attempting sarcasm, which makes their writing essentially meaningless because the reader has to gursst if they meant what they wrote or the opposite.
- zdragnar 6y agoThey wouldn't have, had they actually obeyed the same laws and regulations. Instead, they offered a nearly identical service (arranged via app rather than hailing streetside) and skirted around all of the regulations that had kept the incumbents entrenched for so long.
- 8note 6y agoYes, and? This agrees with the statement that small companies are fluid and can find ways to work with regulations. Coming up with ways to avoid is that.
- zdragnar 6y agoI do not believe that violating the spirit, if not the letter, of laws and regulations is a good strategy for enabling small teams to disrupt large incumbents. If we want a healthy market where small and large players alike can thrive, enabling regulatory capture and expecting small players to ignore regulations as long as they can is just bad policy.
- dkdk8283 6y agoIn every business I’ve been in success can be traced back to the wilingness to something grey. If you can find a loophole, profit.
- cycomanic 6y agoThe irony in all of this is that we somehow consider the uber of the world small businesses compared to taxi companies.
- zz_throwaway_zz 6y ago>Companies are often fluid, especially smaller ones, and can more easily adapt to a changing world. Smaller companies have less capital to expend on compliance