Quote:
Originally Posted by goofyballer
...and your argument is that Merck, Pfizer, etc prefer this?
It does create a barrier to entry but it's a pretty big leap from "it protects their market position" to "they PREFER to incur billions of dollars in costs".
And again, what about things like worker safety laws that Trump is intent on dismantling and have nothing to do with barrier to entry? What about things like Dodd-Frank that Trump wants to dismantle in an industry where barrier to entry is already high and big banks don't need protection?
they do prefer this system, theres no competition (I have a big chunk of my portfolio in J&J because these companies will never fail essentially) and they get to sell with sky high prices in the USA.
regarding worker protection regulations, that hurts medium business way more, so its exactly what I'm talking about
regarding dodd frank, this is obviously a very complex issue, I personally believe its a horrible piece of legislation that creates bad incentives in that particular market.
not every piece of regulation is good for big buisness obv, the point is pointing to trump lowering regulation as evidence for him being in the pocket of large corporations is wrong. Theres many regulations which end up benefiting large corporations by stifling competition.