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> It's a known practice of larger corporations to promote regulations that take them little effort to adhere to. However, those same regulations raise the bar f
by tablespoon 5y ago
> It's a known practice of larger corporations to promote regulations that take them little effort to adhere to. However, those same regulations raise the bar for startups to gain entry and compete in an industry. Ironically enough, it's the regulations themselves that become anti-competitive.
This point about "regulatory capture" is a often brought up as a clever anti-regulation/free market parry, to create a demotivating feeling of "damned if you do, damned if you don't" that breaks in the free marketeers' favor.
I think the rhetorical tactic only really works if you look at part of the problem in isolation, and it's eliminated or at least mitigated with the consideration of action in other areas (e.g. more aggressive anti-trust/pro-competition regulation, or the kind of oversight regulated monopolies get).