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But the general concept of controlling externalized risks through regulation is. That's the lesson here, rather than dissecting individual regulations and cause
by ubercore 11y ago
But the general concept of controlling externalized risks through regulation is. That's the lesson here, rather than dissecting individual regulations and causes. And the same process that regulates externalities and allows people affected by the decision a voice in the process (in contrast to a more autocratic decision to do something; people and costs kinda be damned) slows things down, sometimes because of over-regulation or dishonest actors.
I'm not making any value judgements here, but I think it's important to understand and recognize how when dealing with systems this complex, bad coming with good is inevitable. Both approaches have benefits, both have costs.