All of this may be true, and yet, it’s not a very strong argument against regulation. I’m glad that we have safety regulations, despite objections such as yours, because they have demonstrably saved lives.
Lawmaking is an important part of a nation of laws, but that does not mean the body of law should have needless additions. This is why the process of selecting lawmakers is generally tied to a political process so that new laws are brokered and argued both for and against and modified.
The first test however for any new bill that would be law is, do we need this law? I think in cases where disputes are contractual or market-oriented, it is okay to rely on the resources of the State (the Courts specifically), especially if no other form of arbitration will resolve the dispute, but passing a new law should be a last resort and only after a case for it has been properly made, and a coalition around the new law formed.
I read their argument as against over-regulation, regulatory capture, and regulation moats like the ones Facebook is advocating for. An easier thing to imagine is if you got the regulations you wanted in place but at the end of the day they’re just preventing a thing you don’t like because it’s “new to you” and your business. Now if a startup wanted to come along and use what Etsy is doing _up front_ as part of its business mode it can’t, even if people don’t mind because they knew what they were getting.
The first test however for any new bill that would be law is, do we need this law? I think in cases where disputes are contractual or market-oriented, it is okay to rely on the resources of the State (the Courts specifically), especially if no other form of arbitration will resolve the dispute, but passing a new law should be a last resort and only after a case for it has been properly made, and a coalition around the new law formed.