Re:Benchmark Capital Sues Travis Kalanick for Fraud
by monknomo on Friday August 11, 2017 @05:21PM
(#14994417)
Certainly regulatory capture is a thing, as is law breaking.
Regulatory capture doesn't do you much good if nobody cares when a business breaks regulations, though :)
I think American society does care about businesses following laws and regulations. I think a narrow segment of the press is wowed by 'outlaw cool' and investor funding, but that is not the same as America as a whole.
Obviously corps are gonna lobby, but I think we as a society should and do draw a distinction between lobbying to change a law that you are not breaking and lobbying to change a law you are breaking. I am pretty sure most legislators who aren't closet anarchists take a dim view of things like that. I will wager a large amount that a vast majority of regulators take a dim view of things like that.
Regulatory capture doesn't do you much good if nobody cares when a business breaks regulations, though :)
I think American society does care about businesses following laws and regulations. I think a narrow segment of the press is wowed by 'outlaw cool' and investor funding, but that is not the same as America as a whole.
Obviously corps are gonna lobby, but I think we as a society should and do draw a distinction between lobbying to change a law that you are not breaking and lobbying to change a law you are breaking. I am pretty sure most legislators who aren't closet anarchists take a dim view of things like that. I will wager a large amount that a vast majority of regulators take a dim view of things like that.