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The lack of regulations makes crowdfunding simpler, riskier and generally more awesome. The trashy opinion piece assumes that people are not educated or "quali
by ballard 14y ago
The lack of regulations makes crowdfunding simpler, riskier and generally more awesome.
The trashy opinion piece assumes that people are not educated or "qualified investors" enough to throw their dollars into something, like a European-paternalistic view... this is fundamentally anti-capitalistic.
Regulations, through the use of lobbyists, serve incumbents whom which to defend their business models with the durable advantage of higher fees, more rules and more paperwork. They may also naturally be against anything which would threaten their oligopolic hegemony.
Fodder for discussion: What are the risks of crowdfunding? Could the next pebble-like project/startup not deliver, or is there enough pressure to assure follow-through?
- carbocation 14y ago> Regulations, through the use of lobbyists, serve incumbents whom which to defend their business models with the durable advantage of higher fees, more rules and more paperwork. They may also naturally be against anything which would threaten their oligopolic hegemony. You're talking about "regulations" but you're really describing regulatory capture, which is the dark side of regulations. Regulations do actually serve their desired purpose, sometimes.
- hippobravo 14y agoThe key is making sure that the regulated and the regulators are different people. Americans seem to believe that the best people to regulate corporations are the lobbyists of those same corporations. This would be a lot funnier if these same corporations weren't currently guaranteeing that most major cities on earth will soon be flooded by the oceans. The most important regulators on the planet have spoken: scientific facts ain't real.