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by jacknews
1302 days ago
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IMHO a clear example of govt intervention being beneficial is the EU enforcing USB C for charging, and before that, USB for phones charging. Compared to the complete mess, inconvenience and waste of virtually every single model of phone requiring a proprietary charger. But of course there are a zillion other examples, if you bother to look, it's just that those benefits disappear into the fabric of society. |
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Luckily usb c sucks less, but: What company will now have any reason to research a better connector to replace usb c when it’s not allowed to put it on the market?! Any innovation in this area was made illegal in the EU. Luckily we still have USA not yet succumbing to the madness.
These kinds of shortsighted decisions are why the EU stopped growing and innovating and started falling behind while becoming dependent on cheap Russian energy.
Even if well meaning and well written (two big ifs), the actual price of regulation is extremely high, it’s stagnation. But nobody realizes it because that lost opportunity cost forever disappears into the fabric of society…