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I don't want to bash PG, I think it's great that there are people like that. What I don't like is simplistic thinking, where regulation is bad by definition -
by data_maan 4y ago
I don't want to bash PG, I think it's great that there are people like that.
What I don't like is simplistic thinking, where regulation is bad by definition - like he does in his tweet.
It can be bad, but it can also be really good if done cleverly.
The losses the companies he has invested in sustain duento regulation are not necessarily "absolute losses" in the sense that it is wasted money. The are "societal costs" that need to be payed in order to make sure the companies adhere to a certain level of civility.
- hef19898 4y agoAt the very least, good regulations make shared markets like the EU one possible. That the EU has a tendency to over-do it is a different question. But things like the GDPR, REACH and others are actually net wins for society, and as result, the economy.
- themgt 4y agoI don't think the tweet said regulation is bad by definition. The beauty of a simple < 280 chars tweet is that it can contain ambiguity and admit multiple readings. The way I read it is more like if you substituted the EU for say, Saudi Arabia. The Saudis btw bring oil (i.e. energy) to the party - but if they brought nothing but Saudi regulations would you still invite them? What "societal costs" would you be willing to pay to adhere to a certain level of House of Saud defined civility? There's a danger in the myopia of fake universalism, of believing everyone wants your culture and civilization's definition of civility enforced on them - and perhaps they will accommodate you if you're bringing a lot else to the party, but if that's all you're bringing you might simply find yourself uninvited from a lot of parties.