Tue, 24 April 2018
Yesterday I had a story in the stack I didn't get to dive into as deeply as I wanted. It has to do with regulation and licensing.
I'm glad I didn't spend much time on it yesterday because today we have a couple of great examples in the news about the very subject of regulation. It turns out regulation will likely strengthen companies like Facebook and Google while harming up and coming, competitors.
If you've been listening to this show for very long, you already knew regulation hurts competition, protects large, established companies at the expense of smaller upstarts. Unfortunately, that kind of economic wisdom isn't taught in schools, so most people are oblivious to the danger of regulation and licensing.