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by JamisonM 3922 days ago
$10BN companies have laws passed that go against their interests all the time, car companies, who have a combined value far in excess of $10BN (particularly when you consider up and down the supply chain) face all sorts of regulatory hurdles. The reason they do is not because of lack of influence but because the thing they do has a significant impact on society. Citing the auto bail out as some sort of triumph of lobbying is silly, practical considerations, the sort of considerations that influence politics and political choices all the time, had a lot more to do with the bailouts in the financial crisis than some out-sized political influence by car companies.

I for one do not have a blanket disgust for politics, I am mature and realistic enough to understand that it is a necessary part of having a functioning government.

1 comments

> $10BN companies have laws passed that go against their interests all the time

And you don't see them complaining too much about those regulatory hurdles. Because those same hurdles also create a barrier to entry.

It's much easier to overcome a regulatory scheme if you're a $10BN company, than a $10M one.