r/Economics • u/tkyjonathan • 1d ago

The Protection Paradox - Competitive Enterprise Institute

https://cei.org/studies/the-protection-paradox-good-intentions-bad-market-outcomes/
• Upvotes

71% Upvoted

2 comments sorted by

•

u/AutoModerator 1d ago

Hi all,

A reminder that comments do need to be on-topic and engage with the article past the headline. Please make sure to read the article before commenting. Very short comments will automatically be removed by automod. Please avoid making comments that do not focus on the economic content or whose primary thesis rests on personal anecdotes.

As always our comment rules can be found here

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

•

u/CallmeishmaelSancho 20h ago

There are many many examples of this around the world. The regulatory systems in all areas inadvertently create a favorable space for existing participants and then expand regulatory requirements (under the guise of consumer protection), and make it more difficult for new entrants. We can see this in qualification creep in professional organizations as well. The end game is a complete stall , like what occurred in the former Soviet Union, followed by complete collapse