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It's not that regulation makes moral businesses unethical. It prevents businesses (moral or immoral) from entering the market in the first place because complyi
by jongjong 1y ago
It's not that regulation makes moral businesses unethical. It prevents businesses (moral or immoral) from entering the market in the first place because complying with regulations is too costly. It creates a moat for incumbents which gives them more leeway to harm the consumer (they don't have to compete on the basis of morality as there aren't enough alternatives for consumers to be picky about such things). Regulations often act as a cover, a substitute for ethical conduct. How many corporate cases never make it to court? End up in corporate-friendly arbitration instead? If any case against them comes to court, they will be sure to bring out their list of ISO certifications as legal cover.