tag:blogger.com,1999:blog-4471993488623327927.post8578056292077277448..comments2024-03-13T06:57:54.343+00:00Comments on Obnoxio The Clown: The delights of "regulation"Obnoxio The Clownhttp://www.blogger.com/profile/12012089552153702526noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4471993488623327927.post-21967796973944820672009-07-29T13:11:53.769+01:002009-07-29T13:11:53.769+01:00There is a gem in the original Torygraph article.....There is a gem in the original Torygraph article.....<br /><br />The OFT also secured its FIRST criminal conviction, when three men were jailed for operating a cartel in the marine hose market. <br /><br />http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/5920230/OFT-internal-fraud-causes-250000-loss.html<br /><br />Fuck me, they actually nailed someone at last. All those cunts in the marine hose market must be shitting themselves.Sambonoreply@blogger.comtag:blogger.com,1999:blog-4471993488623327927.post-24972850018999638232009-07-28T13:27:07.355+01:002009-07-28T13:27:07.355+01:00"What the regulation does do, is create barri..."What the regulation does do, is create barriers to entry."<br /><br />Yup.<br /><br />It's a feature, not a bug.<br /><br />Most of these regulations get created following lobbying by the existing business in a sector.<br /><br />Keeping the competition out is the main driver.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4471993488623327927.post-46274621088621574792009-07-28T11:52:51.736+01:002009-07-28T11:52:51.736+01:00Agreed.
Half the push for regulation comes from ...Agreed. <br /><br />Half the push for regulation comes from incumbents, so it ought to be scrapped. The other half comes from the authoritarians and "I know better" brigade" and should be scrapped as well.<br /><br />As to consumer protection, yes there are sensible rules on this, but as far as outright scams go, there is an age old natural law that says gullible people will be fleeced by crooks. This is more a matter for criminal law than 'regulation' in the narrower sense.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.com