Re:For tech-weary Midwest farmers, 40-year-old tractors now ...
by StanislavPetrov on Monday January 06, 2020 @04:47PM
(#21973738)
Perhaps if you consider "regulations" like the DMCAA, "intellectual copyright" laws, patent laws and a host of other laws and regulations that criminalize the repair or alteration of machinery or other items that have been purchased you might garner a better understanding. If farmers weren't prevented by law from repairing or altering the equipment they've purchased this problem largely would not exist.
Sometimes the invisible hand is invisible because it's not there. I don't understand how "fewer regulations" is supposed to address problems like these, or really any market failure state.