3 ms·

Why not let market figure this out? Companies that do not provide support are bound to be eaten by the others.

pjmorris 5y ago
If you had asked the same question about airlines 100 years ago... [0] "At the urging of the aviation industry, that believed the airplane could not reach its full commercial potential without federal action to improve and maintain safety standards,[citation needed] President Calvin Coolidge appointed a board to investigate the issue. The board's report favored federal safety regulation.[10] To that end, the Air Commerce Act became law on May 20, 1926.[11]" [0] https://en.wikipedia.org/wiki/United_States_government_role_in_civil_aviation#Air_Commerce_Act https://en.wikipedia.org/wiki/United_States_government_role_...
- tasubotadas 5y ago
  Market incumbents quite often welcome the new regulation. It helps them to avoid competition by creating entry barriers.
  - pjmorris 5y ago
    OK, here's an even older instance of the same thing, probably not advocated for by the industry incumbents... 229 If a builder builds a house for someone, and does not construct it properly, and the house which he built falls in and kills its owner, then that builder shall be put to death. - Code of Hammurabi, ~ 1700 BC [0] [0] https://avalon.law.yale.edu/ancient/hamframe.asp https://avalon.law.yale.edu/ancient/hamframe.asp
bitcharmer 5y ago
Something tells me you're from USA. Americans let the market figure out public health service and prison systems. We can all see what that did to that country and its people. Free market without any regulation whatsoever can absolutely work to the detriment of society.
- aphexairlines 5y ago
  Health service in the US comes with liability: https://www.ncsl.org/research/financial-services-and-commerce/medical-liability-medical-malpractice-laws.aspx https://www.ncsl.org/research/financial-services-and-commerc... The HHS regulates public health at the federal level. It has around 80,000 employees. https://www.hhs.gov/regulations/index.html https://www.hhs.gov/regulations/index.html https://en.wikipedia.org/wiki/United_States_Department_of_Health_and_Human_Services https://en.wikipedia.org/wiki/United_States_Department_of_He...

If you had asked the same question about airlines 100 years ago... [0] "At the urging of the aviation industry, that believed the airplane could not reach its full commercial potential without federal action to improve and maintain safety standards,[citation needed] President Calvin Coolidge appointed a board to investigate the issue. The board's report favored federal safety regulation.[10] To that end, the Air Commerce Act became law on May 20, 1926.[11]" [0] https://en.wikipedia.org/wiki/United_States_government_role_in_civil_aviation#Air_Commerce_Act https://en.wikipedia.org/wiki/United_States_government_role_...

tasubotadas 5y ago
Market incumbents quite often welcome the new regulation. It helps them to avoid competition by creating entry barriers.
- pjmorris 5y ago
  OK, here's an even older instance of the same thing, probably not advocated for by the industry incumbents... 229 If a builder builds a house for someone, and does not construct it properly, and the house which he built falls in and kills its owner, then that builder shall be put to death. - Code of Hammurabi, ~ 1700 BC [0] [0] https://avalon.law.yale.edu/ancient/hamframe.asp https://avalon.law.yale.edu/ancient/hamframe.asp

bitcharmer 5y ago

Something tells me you're from USA. Americans let the market figure out public health service and prison systems. We can all see what that did to that country and its people. Free market without any regulation whatsoever can absolutely work to the detriment of society.

aphexairlines 5y ago
Health service in the US comes with liability: https://www.ncsl.org/research/financial-services-and-commerce/medical-liability-medical-malpractice-laws.aspx https://www.ncsl.org/research/financial-services-and-commerc... The HHS regulates public health at the federal level. It has around 80,000 employees. https://www.hhs.gov/regulations/index.html https://www.hhs.gov/regulations/index.html https://en.wikipedia.org/wiki/United_States_Department_of_Health_and_Human_Services https://en.wikipedia.org/wiki/United_States_Department_of_He...