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Basics that I've seen when it comes to regulations of these kinds in US vs UK/EU: In the US, the regulations are primarily to serve the corporate interests (co
by greghinch 14y ago
Basics that I've seen when it comes to regulations of these kinds in US vs UK/EU:
In the US, the regulations are primarily to serve the corporate interests (consistent production at scale, distribution over a wide area)
In the UK/EU, the regulations are primarily to protect the citizens, often to the point of impeding business to a degree.
I'd rather see the latter but it goes against pretty much everything we're taught from birth in the US.
- rmc 14y agoThere is lots of EU law and regulations to do with making things easier for companies. Consistent naming and measurements (the metric system) as well as standardisation and certification (so that if you can sell in one member state, you can sell in all the others). Making a "single market" (as opposed to 30 different markets) is one goal of the EU.
- greghinch 14y agoDidn't mean to make it sound like the EU was anti-business, just meant that given the need for a choice, the EU/UK regulations tend to favor the needs of consumers/citizens over those of a corporation. In the US, the citizens are basically protected just enough to keep them complacent/prevent lawsuits, but the goal is to let the corp. maximize profit.
- rmc 14y agoOh, it's complex. I'm just saying there are lots of examples of the EU doing laws that make things easier for businesses.
- PeterisP 14y agoYes, but I've not really seen new EU-wide laws that make things easier for business by removing some of the many consumer-rights or worker-rights. And there are quite a few things that could be done that way to improve the economy.