Monday, May 18, 2009

Huzzah For Bizarre Alliances

MAKE, CRAFT, and Etsy crowd, meet the libertarians. These days, you're going to want to be in touch.

Takeaway lesson? Big business loves regulation at least as much as big government does. Big business already has a legal department to jump through regulatory hoops, and inspection and compliance costs per facility or per product hit the smallest producers hardest. Bottom line, no CEO of a regulated industry ever missed his tee-time because some upstart competitor introduced a game-changing product.

1 comment:

Evan said...

Money quote:

"It’s hard to imagine which was more of a shock to the system of people like Leibovitz: getting the support of congressional Republicans or finding themselves in the crosshairs of a [New York] Times editorial."