Hacker News new | past | comments | ask | show | jobs | submit login

Cui bono.

Regulations can legitimately protect the public, or they can originate from well organised companies and other groups wanting anti-competitive practices to protect their own position.

So somewhat problematically arguments against regulation either tend to originate from people and companies who want to benefit from its absence, and typically don't care, or don't want to care, about the larger cost of their actions; or from people and companies trying to compete against the former.

Aiding and abetting all this, are theoretical (and incorrect) arguments from economics about self-regulating systems, which in the case of economics, and apparently only in economics, are devoid of features such as positive and negative feedback loops.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: