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Facebook wants internet regulation (to stifle competition)

By FortWayneIndiana following x   2019 Apr 9, 8:54pm 52 views   1 comments   watch   nsfw   quote     share    


There you go.



Most startups can't afford compliance officers and legal departments. So will be instantly crushed.

Same game every time isn't it?
1) business grows
2) top company or politicians lobby for more regulation that only top companies can afford, effectively killing competition
3) permanent monopoly.
1   Patrick   ignore (1)   2019 Apr 9, 9:21pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

I learned from a book by John Kenneth Galbraith that most pollution regulations are similar. They are lobbied for by the biggest companies as a way to prevent competition from smaller companies.

As Bastiat says in The Law:

The law perverted! And the police powers of the state perverted along with it! The law, I say, not only turned from its proper purpose but made to follow an entirely contrary purpose! The law become the weapon of every kind of greed! Instead of checking crime, the law itself guilty of the evils it is supposed to punish!

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