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Another huge reason is government overregulation. It takes many years and millions of dollars of capital to start a bank or a medical business or many other typ
by silexia 5y ago
Another huge reason is government overregulation. It takes many years and millions of dollars of capital to start a bank or a medical business or many other types of companies.
And don't forget the gigantic scam that is intellectual property. Creating one small pebble of an idea that could only be created because of the titanic mountain of human knowledge underneath it, and then block competition and progress for decades is horrifying.
- dillondoyle 5y agoI think those are potentially the two worst examples to pick to argue for deregulation given the huge impacts on people's lives and potential of killing people (healthcare). Banks too though the risks are more from lessons learned from giant banks which you can't become overnight. But consumer protection is a big one, even if deposits are protected, predatory behavior is a big problem and profit center of small banks. I can definitely buy into less regulation for most other businesses or small businesses though.