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by PurpleBoxDragon 2954 days ago
Relations, the regulators that make them, and the incumbents that support those regulators are under a sort of survival of the fittest to optimize for regulations that protect the incumbents but do so without being obvious and with some benefit to the consumer. Regulations that clearly support the incumbent and which clearly have no benefit to consumers will be the easiest to attack and remove. So if you want to cherry pick regulations, you can make them seem like perfect things that no sane person would ever have an issue with.

Look at how fines work, say with the GDPR. The maximum fine is 20 million or 4% of revenue, which ever is larger, which means that small businesses see a much larger risk as a percent of revenue from these regulations. This is independent of the chance of the max fine being applied. This inherently creates a pro-incumbent bias even if nothing else about the law created pro-incumbent bias.