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> Which also includes building bureaucracy moats- that load smaller competitors with unpaid for paperwork and prevent them from operating Exactly. one of the d
by graemep 2y ago
> Which also includes building bureaucracy moats- that load smaller competitors with unpaid for paperwork and prevent them from operating
Exactly. one of the defining moments for my political views was hearing the CEO of a big pub company explaining that this was why they could keep expanding as smaller competitors gave up because of the administrative burden.
Both governments and big business live complex rules.
- i_am_proteus 2y agoI'm not sure which CEO you specifically heard, but this[only] is a great example of what you're talking about. Llloyd Blankfein, CEO of Goldman Sachs, making statements to this effect in 2015. [only]https://www.wsj.com/articles/regulation-is-good-for-goldman-1423700859 https://www.wsj.com/articles/regulation-is-good-for-goldman-...
- graemep 2y agoThanks, that is a brilliant quote. The CEO I heard was Ted Tuppen, who ran Enterprise Inns, a big British pub company. Shows what a wide range of things this is true for!