For example, the cost of approving new medications in Australia is incredibly high. It takes years of regulatory hassle to get a medication approved
So when someone estimates that Evil Bad Red Tape costs Australia $176 billion, take a skeptical view
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Realistically, there are probably places you can cut red tape and see a benefit to society There are also plenty of places where red tape saves us enormous amounts of money
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Moreover, there are MANY places where red tape saves us something more ephemeral but no less important - endangered species, water quality, children's lives
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Presenting it as "Red tape costs x" without also estimating the benefit is misleading at best
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End of conversation
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