Re:EU brings in 'right to repair' rules for appliances
by M2Ys4U on Wednesday October 02, 2019 @11:30AM
(#21137517)
Self-regulation _can_ work... if the state is standing there with a big stick willing to use it if the market doesn't regulate itself well.
As a case study, take advertising in the UK.
The Advertising Standards Authority is a Big Deal. It can ban advertising on TV, in print, on billboards and online. Its decisions regularly make the headlines.[0]
It also has no statutory basis, it's a private limited liability company, and they receive no money from government.[1]
[0] An example from today, here's a news article about a ruling by the ASA concerning a tweet sent out by Burger King: https://www.bbc.co.uk/news/uk-scotland-49895800
Re:EU brings in 'right to repair' rules for appliances
by laumars on Wednesday October 02, 2019 @06:22AM
(#21134893)
In the general sense you're right however I think you're drifting into a philosophical point. Normally it makes more sense to let businesses have a certain amount of freedom to operate and only step in when necessary. The hard part is agreeing where "necessary" is. For example EU tends to have a different perspective to the US on when industries should be regulated.
Market can bring prices down if competing corporations in the same sector don't agree to set prices for the same range of services of products. That's it.
Self-regulation is conservative non-sense.