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> Capitalists routinely wipe the floor with people who don't take enough risk. Risk is necessary to get the best outcomes. Where will the risk taking happen if
by crmd 4y ago
> Capitalists routinely wipe the floor with people who don't take enough risk. Risk is necessary to get the best outcomes. Where will the risk taking happen if people try to regulate it out of existence?
This is a straw man argument.
Good entrepreneurship is taking a risk on a new cuisine that is underserved in your city, which no one is regulating.
Bad entrepreneurship is taking a risk on inadequate food safety and fire suppression equipment, which municipalities are indeed trying to regulate out of existence.
- renewiltord 4y agoIn SF, the first half is also regulated since your business can be stalled on the grounds that there are already too many there. For instance, having two ice cream stores on the same block.