Re:Facing reality about the EU is a core requirement for goo...
by piva00 on Wednesday March 06, 2024 @04:00AM
(#39613841)
> Almost always more regulation doesn't work in complex markets. Incentives are very very difficult to get right
As if the simple incentives of a deregulated market (aka: profit above all) do work in complex markets.
That's OP's whole point, you want the right laws, not more or less, sometimes more regulation is needed due to the complexity of an industry, sometimes less is completely fine. That nuance is what's missing, and it's exactly the hard part of the whole system to be balanced.
> the exceptions where the regulations work are extremely rare. And for the most part people don't get them right.
For the most part, companies don't get it right either. Case in point: Boeing self-regulation, USA's finance industry self-regulation pre-2008, etc.
Just let go of the dogma.
Almost always more regulation doesn't work in complex markets. Incentives are very very difficult to get right ... the exceptions where the regulations work are extremely rare. And for the most part people don't get them right.