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by KorematsuFred 1951 days ago
> regulatory evasion skills

You will be surprised to know that from your corner store florist to Walmart and from Bank of America to your child's babysitter everyone is obstructed by regulators of all kinds and to some or large extent all businesses are successful because they have learned how to evade government regulation. I remember a lecture by Aetna CEO who said the only competitive advantage they have over competitors is that they have far better handle on the regulation.

If I were Amazon, I would do the same and as an Indian citizen I am greatly happy to see Amazon going so out of the way to help me get what I want.

> People in tech are being paid massively not because they're postdocs with good credentials and amazing skills, but because they know how to bend governments to their will.

It is other way around. The regulators in DC are confused as to how they will regulate the tech. They simply can not as the people are hooked to Instagram and Snapchat. If you give a free hand to DC people they would want every internet user to have a "internet license" and their search history be made available to every possible alphabet soup of government agency.

1 comments

Somalia must be so nice without all these regulations. A godsend for all these business!