9 ms·

Unregulated banking tend to have a bit more ponzi schemes, pump and dump, and money laundering than regulated banking. Unregulated auto tend to have a bit more

by belorn 4y ago

Unregulated banking tend to have a bit more ponzi schemes, pump and dump, and money laundering than regulated banking. Unregulated auto tend to have a bit more lemon markets than regulated auto. Unregulated healthcare tend to have a bit more snake oil, blood letting and cocaine than regulated healthcare. Unregulated food sector tend to have a bit more Listeria and Salmonella then regulated food sector. No regulation are not know for being that nice either, which is to say that some regulation is good and some regulation is too much, but one can't dismiss regulation as just being bad.

rglullis 4y ago
I did not argue that regulation is unnecessary or bad. The argument is that regulation of Big Industries does not bring you better support nor makes the companies more focused in treating customers as individuals.
- nottorp 4y ago
  There could be an argument that US regulators allow companies to be much more customer hostile than other places... i believe it's done in the name of "innovation".
- belorn 4y ago
  It all depend on the reason and target of the regulation. Patients might have historically liked doctors more when they prescribed cocaine, alcohol and morphine for most ailments, but then the target of modern regulation is not customer short-term happiness. It is health. The issue of regulating big industries and big tech in particular is what outcomes we want to avoid and how a healthy market can be created where one does not exist. Words like infrastructure, platforms, and lock-in are all associated with a lack of market choice and competition. Bad support could be a symptom of that, but the target of regulations wouldn't be about support but rather to avoid having a situation where citizens are unknowingly building their homes and companies on quicksand.
  - lupire 4y ago
    You are arguing against yourself. Now, only drug addicts who ignore laws can get painkillers.
    - belorn 4y ago
      Back in the day, if you had an infection in the leg they would bring a hacksaw and cut it off, giving you some whiskey to dull the pain. I prefer modern medical system with antibiotics, anti-virals and anti-inflamatory drugs.
robertlagrant 4y ago
> one can't dismiss regulation as just being bad No one said that.

by belorn 4y ago

rglullis 4y ago

I did not argue that regulation is unnecessary or bad. The argument is that regulation of Big Industries does not bring you better support nor makes the companies more focused in treating customers as individuals.

nottorp 4y ago
There could be an argument that US regulators allow companies to be much more customer hostile than other places... i believe it's done in the name of "innovation".
belorn 4y ago
It all depend on the reason and target of the regulation. Patients might have historically liked doctors more when they prescribed cocaine, alcohol and morphine for most ailments, but then the target of modern regulation is not customer short-term happiness. It is health. The issue of regulating big industries and big tech in particular is what outcomes we want to avoid and how a healthy market can be created where one does not exist. Words like infrastructure, platforms, and lock-in are all associated with a lack of market choice and competition. Bad support could be a symptom of that, but the target of regulations wouldn't be about support but rather to avoid having a situation where citizens are unknowingly building their homes and companies on quicksand.
- lupire 4y ago
  You are arguing against yourself. Now, only drug addicts who ignore laws can get painkillers.
  - belorn 4y ago
    Back in the day, if you had an infection in the leg they would bring a hacksaw and cut it off, giving you some whiskey to dull the pain. I prefer modern medical system with antibiotics, anti-virals and anti-inflamatory drugs.

robertlagrant 4y ago

> one can't dismiss regulation as just being bad No one said that.