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Stop Hamstringing Online Innovators
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nasimson
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nasimson,
User Rank: Ninja
1/13/2015 | 9:00:50 AM
There's silver lining!
Cant believe its happening in Utah. Cant believe its happening in 2015. When old business models are seeking regulatory and legal cover against new business models, its a vindication of its superiority. It proves that its a question of WHEN and not IF the new business model will take over.

There's silver lining!
jries921
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jries921,
User Rank: Ninja
1/9/2015 | 1:20:09 PM
Actually...
i do find it interesting that Gov. Herbert, who is not normally a fan of commercial regulation is weighing in on this.  I suspect some lobbying on behalf of the insurance industry.  But for better or worse, all fifty United States do regulate the insurance industry within their own borders (and regulation of the professions does seem to be one of the items placed under the jurisdiction of the states by the US Constitition), so it behooves governors and legislatures to make sure that all insurance firms doing business in their respective states are playing by the same set of rules.  If the rules are too restrictive, then changes can be proposed and considered; and those who believe that any form of commercial regulation whatever is an abomination can once again make their best case.

In any case, I see no need whatever to centralize commercial regulation for the convenience of big business; if anything, the field should be tilted in favor of small, regional players as that in the long run provides more competition, which means more choices for consumers and workers alike and avoids facilitating the amassing of political influence by large multinationals.  Likewise the growing trend toward the internationalization of commerce is not an excuse to repleal or ignore national laws in favor of a worldwide commercial code negotiated by diplomats, or passed by a worldwide parliament.  Decentralized government is a good thing because it is scalable in a way that centralized authority can never be.  Accordingly, we should avoid undermining it without a compelling reason.

 
TerryB
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TerryB,
User Rank: Ninja
1/9/2015 | 1:12:51 PM
So who regulates the regulator?
There has to be an appeals process on this. If I'm a lawyer, I've got to be licking my chops over this one.

Otherwise regulators are dictators. They have to be contained by something (laws, rules, etc), you can't just make an arbitrary ruling based on being too good/efficient for your competion. That's so rdiculous I'm having trouble buying there isn't more to this story.  Please follow up on this in future, love to see how this turns out.
Todder
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Todder,
User Rank: Moderator
1/9/2015 | 12:30:09 PM
Re: competition
It's about taxes, and monitoring the gov't's take. If these companies were based in Utah more than liekly there'd be less clamour.

Here in Ottawa (Canada) Uber is being bullied out of town and there are other turf wars in other jurisdictions.
Ariella
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Ariella,
User Rank: Author
1/8/2015 | 4:32:35 PM
Re: competition
@danielcawrey Ultimately, you can't stop progress, though you can slow it down with restrictions.
danielcawrey
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danielcawrey,
User Rank: Ninja
1/8/2015 | 3:56:44 PM
Re: competition
This type of small business protectionism is all about playing politics. Why are small businesses often so averse to change, resisting innovation?

I suppose a lot of it has to do with the cost of change for customers and employees. But that makes the environment ripe for companies like Zenefits, Uber and AirBnB. This disruption is likely to only accelerate, and policians will be unable to help many businesses from competition in digital form. 
Ariella
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Ariella,
User Rank: Author
1/8/2015 | 10:57:37 AM
competition
<In his ruling, he cited the need to protect "fair competition," arguing that the "ease of using Zenefits" made it unfair to the more established insurance brokers. >

Is it just me, or is this really tantamount to saying any company that comes out with an obviously superior product is guilty of engaging in "unfair competition?"


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