My new catchphrase: “Regulation benefits incumbents”
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Are there any categories or language that would easily bucket types of regulation that you know of by chance? I wonder if there is more accurate terms I should be using that make help break down regulations that help incumbents or not...
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Regulatory capture? Not sure. Regulatory capture can also happen by influencing policy makers *not* to look at certain behaviors.
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If it weren’t for the DOJ and FCC AT&T would not have let modems interact with the phone network.
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Interesting. Citation? Want to read more.
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Sure but newcomers often benefit more
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How do you prove that (in either direction)?
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I raised this during a data privacy roundtable last week. In the US, we favor low barriers to entry for biz maybe to detriment. Even on Left, support small, community banks. In EU and Canada, banks are much larger bc of stronger regulatory scheme. 08 crash hardly touched Canada.
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We should be honest though. Certain regulatory schemes could jettison garage startups in favor of Google/Facebook/Amazon. Part of this is that in US, compliance is often enforced in the courtroom unlike Europe. So potential exposure is high.
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Exhibit A: the last 15 years
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