Re:George Hotz cancels his Tesla Autopilot-like ‘comma one’
by tedunangst on Friday October 28, 2016 @03:46PM
(#12819957)
Not quite. Regulatory capture doesn't mean you like the big companies, it means you like the industry you regulate. So if you regulate coal mines, you probably think coal mines are good, whether they're large or small. If you're a highway regulator, it probably means you think highways are pretty awesome, but that doesn't mean you think only Detroit muscle cars should be allowed on the highway.
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Re:George Hotz cancels his Tesla Autopilot-like ‘comma one’
by BurningFrog on Friday October 28, 2016 @04:22PM
(#12820265)
I disagree.
One of the common ways this works is that the regulator keeps adding more and more complex regulations.
It's counterintuitive that a major company welcomes or instigates added regulations that will cost $20M/year to comply with. But since that makes it more expensive to start competing companies, they can make a lot more money from their increasingly secure oligopoly position.