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>Regulatory capture in real time! What would you have preferred? Of course you'd prefer if the law never existed in the first place, but I don't see having a t
by gruez 1y ago
>Regulatory capture in real time!
What would you have preferred? Of course you'd prefer if the law never existed in the first place, but I don't see having a third party auditor verify compliance is any worse than say, letting the government audit it. We don't think it's "regulatory capture" to let private firms audit companies' books, for instance.
- sterlind 1y agoit's regulatory capture if there's an oligopoly of audit firms. it's regulatory capture if a cartel of ID verification companies are lobbying for specific requirements that lock out upstart competitors.