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Example downsides of regulation: - compliance costs and higher barrier to entry which skew the game away from small startups and freelancers and towards large
by avz 13y ago
Example downsides of regulation:
- compliance costs and higher barrier to entry which skew the game away from small startups and freelancers and towards large companies with sizable legal departments,
- higher incentives for lobbying since there is more to gain from it in highly regulated environment,
- reduced predictability of business environment due to the danger of unanticipated regulatory changes,
- costs imposed by enforcement due to increased number of hours spent filling forms, undergoing inspections and arguing your case in the courts.
- avz 13y agoPure curiosity: why the downvote? Did I forget an important downside or have I incorrectly included something that is an upside? Note that I'm not arguing any political point here, just answered a simple question.
- arethuza 13y agoImplying that there could possibly be some upside to regulation is likely to annoy quite a few people. Personally I thought it was a reasonable question, even if I can't actually think of any upsides to regulation in this area, so I upvoted you.