Regulations are good for business.
Seriously – they are.
I know pro-business types like to claim that regulations are harming businesses and preventing them from competing in the market place. They are wrong. Dangerously wrong. Most common sense regulations actually help businesses while protecting consumers and the environment. Seriously – they do.
For instance, good regulations help ensure public safety, guarantee an even playing field for all business competitors and … here’s the best part … act as a barrier to entry for any new competitors to an industry. What’s not to like! Really. When I was working in big business part of my job was to participate in our industry association. My job was to encourage the industry association to promote more regulation of our industry. We wanted to make it as hard as possible for other people to compete with us. Regulations do exactly that. They are also beneficial to our consumers and the environment. This is what is known as a win-win-win scenario. An additional benefit is that your entire industry won’t get branded with a horrible reputation because one stupid idiot who wanted to get ahead by cheating single handedly creates a mega-disaster. Businesses and industries benefit from regulation! Really, they do.