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by root_axis
3085 days ago
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I feel like our entire mechanism of discourse on this topic is broken. It is not useful to regard regulations in general terms because the factors that underpin whether or not a regulation is good or bad is entirely dependent on the details of the regulation and the context in which it is applied. > But that's the real issue: regulations in general are not good This is akin to saying "laws in general are not good", when they are simply a tool. Of course, overzealous regulation is a stifling obstacle for small businesses, but this is something we can all agree on, the disagreements always come down to the details. > regulatory capture: regulations end up benefiting the industries being regulated Yes, this is a negative side effect of regulation, but there are also positive side effects from regulation and we have to evaluate the spread on a case by case basis (or at the very least, differentiate the ramifications of specific kinds of regulations per a given industry). At the end of the day, regulations are society's response to a sordid and well-documented history of abuse by corporations; that doesn't mean regulations should be punitive, but they are a necessary tool. |
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