Definitely going to need some kind of citation on that one. Pretty much all regulation is to protect the less powerful from the more powerful and to stop people in advantageous positions exploiting others. The rich and powerful can't (in many countries, at least) openly wander around killing and stealing, for example, and the range of regulations down from there covers an enormous amount.
Regulatory Capture is I imagine what the Poster is talking about, it’s happening right now with Facebook’s suggestion that perhaps more regulation is a good idea...
It could go that way but it's usually the most powerful to have the connections with lawmakers and suggest what to write (or not to write) in some laws.
I quote a couple of sentences but there is much more there
> After the rule took effect in May, Google’s tracking software appeared on slightly more websites, Facebook’s on 7% fewer, while the smallest companies suffered a 32% drop, according to Ghostery, which develops privacy-enhancing web technology.
> The fact that Google’s compliance strategy has ended up hurting its competitors and redirecting higher demand back to its own marketplace, where it can guarantee it has user consent, has unsettled publishers and ad tech vendors
EliRivers|6 years ago
hellisothers|6 years ago
https://en.wikipedia.org/wiki/Regulatory_capture
pmontra|6 years ago
About unintended consequences, check this article about GDPR after one year https://truthonthemarket.com/2019/05/24/gdpr-after-one-year-...
I quote a couple of sentences but there is much more there
> After the rule took effect in May, Google’s tracking software appeared on slightly more websites, Facebook’s on 7% fewer, while the smallest companies suffered a 32% drop, according to Ghostery, which develops privacy-enhancing web technology.
> The fact that Google’s compliance strategy has ended up hurting its competitors and redirecting higher demand back to its own marketplace, where it can guarantee it has user consent, has unsettled publishers and ad tech vendors