Business and Regulation
I keep hearing that regulation is “anti-business.” It makes me wonder exactly what the people raising this claim think of the businesses they purport to defend.
Decent businesses don’t need to worry about decent regulation. If a regulation says you’re not allowed to sell folding chairs that collapse into a death trap when you sit on them, you’re not affected, unless you care so little about your customers that you’re selling death trap chairs to save a couple cents. This regulation doesn’t hurt you.
It actually protects you from unfair competition from the shady guys selling death trap chairs. If you’re willing to spend the money to do things in a reasonably safe manner free from life-threatening hidden defects, you can be happy to support regulations that require everybody to follow minimal safety standards.