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Liability chain in many industries is a fantastic way to build a large legal moat to prevent competition from small players. The goal of any regulatory agency
by Robotbeat 3y ago
Liability chain in many industries is a fantastic way to build a large legal moat to prevent competition from small players.
The goal of any regulatory agency must be to ensure as much safety as can be done while preserving the ability of small players to enter the field and compete & while keeping the costs low for consumers. Otherwise, safety becomes a rationale that larger corporations are excellent at spinning to justify more regulatory moats.
- dcsommer 3y agoA fair point. However, what are we optimizing for? An open/fair market, or consumer safety? Balance is key, but I'm interested in any counter proposals that do a better job.
- Robotbeat 3y agoConsumer safety is long term optimized by having competition. Multi-goal optimization is essential. Try to optimize for just one thing and you’ll quickly go off the rails as a regulator.