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> but don't see the ghost it unleashes > people usually assume there are no costs to regulation, and only benefit This is an under-emphasized point. So often,
by gottorf 3y ago
> but don't see the ghost it unleashes
> people usually assume there are no costs to regulation, and only benefit
This is an under-emphasized point. So often, well-meaning laws and regulations achieve some kind of visible social benefit paired with some invisible social costs.
Similarly to how some claim that certain companies have learned to "privatize the profits, socialize the losses", you could say that politicians have learned to privatize the visible benefits and socialize the invisible detriments to any policy.