3 ms·
Yup. Contrary to popular belief, large or dominant businesses like regulation, as long as it favors them. Beyond regulatory capture to explicitly write regulat
by toss1 2y ago
Yup. Contrary to popular belief, large or dominant businesses like regulation, as long as it favors them. Beyond regulatory capture to explicitly write regulations favorably specifically to the capturing companies (as Musk is doing), just the presence of a large burden of bureaucratic paperwork regulations favors large established players; they have the scale and excess capacity to handle the overhead, where another few percent of nonsense overhead burdens can crush a marginal but growing competitor.