Browsing All posts tagged under »barriers to entry«

The Search for Status by Bags of Goo

June 4, 2017

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We have developed a mania for regulating people. We forbid not only evil practices, but we are beginning to lay the restraining hand of law upon practices that are at the most of only doubtful character. — George Sutherland Established incumbents [in business] prefer regulations that take the form of predictable, upfront high fixed costs, […]