4 ms·

Not sure who downvoted you, but this is indeed the essence of one of the counterpoints against regulation-- that if we regulate an industry, the innovation in t

by muzz 12y ago

Not sure who downvoted you, but this is indeed the essence of one of the counterpoints against regulation-- that if we regulate an industry, the innovation in that industry will simply occur elsewhere in the world, outside of US regulation.

AnthonyMouse 12y ago
That is generally true for things like minimum wage laws or regulations on manufacturing. If it is expensive to manufacture in the US then companies can easily manufacture in China. It doesn't really work for healthcare because you can't remove it from the jurisdiction. It isn't practical to fly to another country to receive emergency medical services or if all you need is to fill a prescription. Meanwhile the customers with the wealth to sustain research into novel health products are in the countries that impose heavy regulatory burdens on anyone who wants to service them.
- kgarten 12y ago
  Actually a lot of people do ... I know people who get their eyes lasered in Turkey for example (in this case it's because the treatment is cheap). Larry Page suggested the Island idea in last year's google IO.
kgarten 12y ago
I also don't really understand ... especially Larry Page suggested this. I also don't get the other comment why it would not work. Imagine Google buys couple of Islands and founds it's own state, they could do whatever they wanted in the boarders. It's a bit scary yet not so far fetched.
- vidarh 12y ago
  There's a whole lot of complicated issues of international law around gaining sovereignty, which is highly biased against the creation of new states. And beyond that there is the issue of gaining recognition from other states. Getting the recognition of even a number of the "micro states" that likes to recognise other small states because it helps validate their own existence would be hard enough. Getting the recognition of larger countries, which with corporate involvement would instantly be suspicious this was a tax avoidance scheme or otherwise something that would not be beneficial to them would be much harder. (E.g. many countries would start looking at their maps and worrying about what companies that is important to them could be coaxed by a poorer neighbouring country to buy territory)

by muzz 12y ago

AnthonyMouse 12y ago

That is generally true for things like minimum wage laws or regulations on manufacturing. If it is expensive to manufacture in the US then companies can easily manufacture in China. It doesn't really work for healthcare because you can't remove it from the jurisdiction. It isn't practical to fly to another country to receive emergency medical services or if all you need is to fill a prescription. Meanwhile the customers with the wealth to sustain research into novel health products are in the countries that impose heavy regulatory burdens on anyone who wants to service them.

kgarten 12y ago
Actually a lot of people do ... I know people who get their eyes lasered in Turkey for example (in this case it's because the treatment is cheap). Larry Page suggested the Island idea in last year's google IO.

kgarten 12y ago

I also don't really understand ... especially Larry Page suggested this. I also don't get the other comment why it would not work. Imagine Google buys couple of Islands and founds it's own state, they could do whatever they wanted in the boarders. It's a bit scary yet not so far fetched.

vidarh 12y ago
There's a whole lot of complicated issues of international law around gaining sovereignty, which is highly biased against the creation of new states. And beyond that there is the issue of gaining recognition from other states. Getting the recognition of even a number of the "micro states" that likes to recognise other small states because it helps validate their own existence would be hard enough. Getting the recognition of larger countries, which with corporate involvement would instantly be suspicious this was a tax avoidance scheme or otherwise something that would not be beneficial to them would be much harder. (E.g. many countries would start looking at their maps and worrying about what companies that is important to them could be coaxed by a poorer neighbouring country to buy territory)