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you want them to pass regulation without input from the industry? Isn't that what hn usually complains about, that these regulations are made by bureaucrats wit
by __m 3y ago
you want them to pass regulation without input from the industry? Isn't that what hn usually complains about, that these regulations are made by bureaucrats without knowledge of the industry?
- MrBuddyCasino 3y agoThis is just regulatory capture. It is in the large companies interest to have burdensome regulation - they can shoulder the costs (which are often significant), but newcomers and smaller competitors can't. This is basically pulling up the ladder to prevent startups and protect incumbents, and the EU has been very successful at that. The share of large companies that have been created in the past three decades is very low compared to the US (mostly in IT).