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One thing the author is forgetting: Regulatory capture. The incumbents can lobby for overly restrictive legislation based on copyright or "safety" concerns th
by elzbardico 2y ago
One thing the author is forgetting:
Regulatory capture.
The incumbents can lobby for overly restrictive legislation based on copyright or "safety" concerns that make absurdly expensive for new entrants to enter the market.
Think about big tobacco.
- renjimen 2y agoBut regulation typically only affects one country, and the USA doesn't appear to like regulation since neoliberalism became the politics dejour