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Most of the time big firms exist because only large businesses can deal with the immense regulations in their field. Big business loves regulations because it a
by Afforess 12y ago
Most of the time big firms exist because only large businesses can deal with the immense regulations in their field. Big business loves regulations because it actually decreases the competition.
See: healthcare, finance, insurance.
- eitally 12y agoSpeaking from personal experience (high-tech manufacturing, dealing with SOX-404, FDA CFR11 Part 2, ISO/TUV/CE/..., NATO, and DoD regulations), a lot of this bureaucracy is self-created by people who are ignorant of the actual requirements but in positions powerful enough to overcome that barrier and force other employees to do needless busywork, resulting in self-imposed regulations that don't need to exist for any legal reason, but which once emplaced are nearly impossible to eliminate.
- dmix 12y agoaka The Iron Law of Bureaucracy http://www.jerrypournelle.com/reports/jerryp/iron.html http://www.jerrypournelle.com/reports/jerryp/iron.html