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>Give me one example when this approach succeeded, without any corresponding legislation I think he's describing when the market dethrones an entrenched player
by Clubber 4y ago
>Give me one example when this approach succeeded, without any corresponding legislation
I think he's describing when the market dethrones an entrenched player without legislation. This happens quite often. Cable companies come to mind. Kodak, Novell, Sun Microsystems, etc.
Like he said, regulation today serves the wealthiest companies, because startups, the ones that do the dethroning, have extra costs that are more difficult to afford. I believe it fits in the Barrier to Entry category.
https://www.investopedia.com/terms/b/barrierstoentry.asp https://www.investopedia.com/terms/b/barrierstoentry.asp
If you want real regulation, you need to look to the anti-trust laws, but our current politicians don't have the stomach for that. Today's regulation really tends to serve the already entrenched, because the entrenched usually write the regulation.
- ClumsyPilot 4y agomy understanding is that his example referred to consumers boycotting a business. I could not find a successful example. When a business gets replaced by a conpetitor, that's a diffetent mechanism
- Clubber 4y agoAh ok. Yes, I remember it companies changing their behavior due to boycotts in the 80s and 90s but not since. I suspect companies are too big and too global and have too good PR.