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I'm starting a chemical manufacturing business, but regulations are putting an undue burden on me by not letting me just dump waste product into the nearest river. Dow Chemical Company didn't have to abide by all these regulations when they were founded in 1897, it's not fair!

Edit: To be clear, I'm not saying anything about the necessity of any regulations. I'm just saying that when evaluating possible future regulations, viewing just in the light of incumbent/newcomer dynamics alone will give you absurd results.




There are many regulations that will burden you by having to record, audit, etc, where/when/why/how you are dumping waste, to help assure you aren't dumping it into a river.

Dow, having established cash flow and infrastructure, can trivially bear whatever these costs. These regulations were even created because Dow themselves (et al), somewhere in the middle of their life, optimized their profit by dumping in rivers.

You personally know the environmental harm and grave illegality [0] of improperly disposing of waste products, and your company is small enough that you can be sure everybody is of similar mind - you're focused on solving technical problems, having not yet been taken over by beancount-maximizers. But you still must pay the costs of the overbearing "compliance" paperwork designed around large amoral entities, perhaps even having to hire a dedicated government bureaucrat fresh out of law school. This is the gatekeeping-legislation dynamic people complain about.

[0] Which given your corporate size and lack of TBTF, would be a criminal penalty rather than a civil wrist slap.


It's dangerous to assume there isn't such a thing as pointless regulations that actually harm consumers by making a useful service/product more out of reach.


Your comparison is laughable. Try competing with Comcast and AT&T.


Comcast and AT&T are slightly different, in that they have government granted advantages (not just usage rights to infrastructure, and infrastructure access which is much harder or impossible to achieve now, but in some cases the government paid for that infrastructure before handing it over), not just the benefit of coming up prior to regulation and already having practices in place to deal with regulation.




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