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That may indeed be a factor, but it can happen even without active lobbying on the part of big business—all they need to do is sit back and let things flow. Be
by Mordisquitos 5y ago
That may indeed be a factor, but it can happen even without active lobbying on the part of big business—all they need to do is sit back and let things flow. Be it in good faith or for cynical electioneering, lawmakers will introduce new regulatory requirements under the argument that they better protect the consumer or encourage a more competitive marketplace. However, the more complex these become, and the faster they change, the more it helps big business for they are the ones who can afford the legal teams and resources to keep track of them.
Don't get me wrong, I'm nowhere near an economic laissez-fair libertarian, and I believe that strong regulation is necessary in many markets and industries. However, I'm also very wary of well-meaning but overly complex rules which do little but add a huge barrier to competition against the big players.
- ocdtrekkie 5y agoThis is trivial to fix: A lot of regulatory requirements should have a minimum size before they take effect. Such that a small player is approaching large player status before they need to worry about it.