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Market driven economies react to incentives. Regulation is one way to influence those incentives, but it’s usually slow moving (hard to put in place, hard to ch
by MobiusHorizons 4y ago
Market driven economies react to incentives. Regulation is one way to influence those incentives, but it’s usually slow moving (hard to put in place, hard to change or remove)
A lot of the incentives in the us market are very short term in nature, especially in publicly held companies. It seems like this leads to companies following hype cycles right off of cliffs even when it’s not hard to see problems.