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> Regulation (another word for taxes) and taxes are much higher than in prior periods. It should surprise no one that these have negative effects on growth. Ar

by Osmium 14y ago

> Regulation (another word for taxes) and taxes are much higher than in prior periods. It should surprise no one that these have negative effects on growth. Are you sure about this? If you're talking about manufacturing regulations, I'd be more wary about buying electronics or toys manufactured in China... Regulations that are good for the consumer can ultimately be good for the companies that make the goods too, because they create a stable and responsible marketplace.

lostlogin 14y ago
Regulations that are good for workers are important as far as I'm concerned too. And do play a factor in purchase decisions. Basically everyone is worker and consumer, so strengthening consumer and worker rights is good as far as I'm concerned.
wpietri 14y ago
> Regulations that are good for the consumer can ultimately be good for the companies that make the goods too, because they create a stable and responsible marketplace. That's an excellent point, and one people don't consider enough. Almost nobody in the US picks up an item off the grocery store shelves and says, "Hey, is this safe?" That isn't inevitable, as China's scandals show: http://en.wikipedia.org/wiki/Food_safety_incidents_in_the_People%27s_Republic_of_China http://en.wikipedia.org/wiki/Food_safety_incidents_in_the_Pe... That kind of trust in the marketplace is incredibly valuable to innovators. If only some food is safe, then people will only buy new products from known, high-value brands. A good opposite example is Facebook. At my last company we had some great ideas for useful Facebook apps. But in our user tests people had a strong learned aversion to the Facebook auth dialog; they knew that if they said ok, they might look dumb in front of all their friends. As entrepreneurs, we wanted more regulation. We would have happily paid $25k to Facebook to be part of a trusted apps program where they vetted us and then gave us a seal of approval.

by Osmium 14y ago

lostlogin 14y ago

Regulations that are good for workers are important as far as I'm concerned too. And do play a factor in purchase decisions. Basically everyone is worker and consumer, so strengthening consumer and worker rights is good as far as I'm concerned.

wpietri 14y ago

> Regulations that are good for the consumer can ultimately be good for the companies that make the goods too, because they create a stable and responsible marketplace. That's an excellent point, and one people don't consider enough. Almost nobody in the US picks up an item off the grocery store shelves and says, "Hey, is this safe?" That isn't inevitable, as China's scandals show: http://en.wikipedia.org/wiki/Food_safety_incidents_in_the_People%27s_Republic_of_China http://en.wikipedia.org/wiki/Food_safety_incidents_in_the_Pe... That kind of trust in the marketplace is incredibly valuable to innovators. If only some food is safe, then people will only buy new products from known, high-value brands. A good opposite example is Facebook. At my last company we had some great ideas for useful Facebook apps. But in our user tests people had a strong learned aversion to the Facebook auth dialog; they knew that if they said ok, they might look dumb in front of all their friends. As entrepreneurs, we wanted more regulation. We would have happily paid $25k to Facebook to be part of a trusted apps program where they vetted us and then gave us a seal of approval.