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Is there a formal name to describe incumbents pushing for regulations in order to keep out new competitors? Something more specific than just “anti-competitive, monopolistic,” etc. This seems like such a common tactic that I’d expect there to be academic studies about it.
It’s the reason companies lobby for them.
Earlier quoted context omitted.
They also exempt social media companies with less than 100 million gross revenue
So which ones does it apply to in the end?
But I have no idea if the article representation of it is correct (that would be a first), and no interest on reading the original.
https://www.arkleg.state.ar.us/Bills/FTPDocument?path=%2FBil...
Reasonable age verification methods under subdivision (c)(1)
of this section include providing:
(A) A digitized identification card, including a digital
copy of a driver's license under § 27-16-601 et seq.;
(B) Government-issued identification; or
(C) Any commercially reasonable age verification method.
"Digitized identification card" means a data file available
on a mobile device that has connectivity to the internet through a state
approved application that allows the mobile device to download the data file
from the Office of Driver Services that contains all of the data elements
visible on the face and back of a driver's license or identification card and
displays the current status of the driver's license or identification card,
including valid, expired, cancelled, suspended, revoked, active, or inactive;kinda makes sense, it's addressing a very specific problem that mostly arises around instagram and tiktok.
Is there a formal name to describe incumbents pushing for regulations in order to keep out new competitors? Something more specific than just “anti-competitive, monopolistic,” etc. This seems like such a common tactic that I’d expect there to be academic studies about it.
Typically, that’s what almost all regulations actually do. Just pull the ladder up farther out of reach. It’s the reason companies lobby for them.
Lot of them surely come from pushes by companies, but if "almost all" is to believed, you're gonna have to cite something that shows this.
Earlier quoted context omitted.
What makes lobbying to regulate your competitors out of existence neoliberal?
Further, what exactly does this have to do with capitalism? This is strictly a failure of government, and by extension the people.
Many countries ban donations from companies, doesn't let companies pay for politicians ads, etc. Doesn't mean it's perfect, government rely on jobs from companies to make their citizens happy, but it does help to make the politician a bit more independent from corporate interest.
Is there a formal name to describe incumbents pushing for regulations in order to keep out new competitors? Something more specific than just “anti-competitive, monopolistic,” etc. This seems like such a common tactic that I’d expect there to be academic studies about it.
Yes, the term you're looking for is "regulatory capture." Regulatory capture is a phenomenon where incumbent firms or industries manipulate regulations and regulatory bodies to create barriers to entry for new competitors, thereby maintaining or increasing their market power. This concept was first introduced by the economist George Stigler in his 1971 paper, "The Theory of Economic Regulation." Regulatory capture ca…
Earlier quoted context omitted.
What makes lobbying to regulate your competitors out of existence neoliberal?
Further, what exactly does this have to do with capitalism? This is strictly a failure of government, and by extension the people.
Well it clearly incentivizes regulatory capture, so there's that.
I think people may be overlooking a bigger story here: https://www.arkleg.state.ar.us/Bills/FTPDocument?path=%2FBil... Reasonable age verification methods under subdivision (c)(1) of this section include providing: (A) A digitized identification card, including a digital copy of a driver's license under § 27-16-601 et seq.; (B) Government-issued identification; or (C) Any commercially reasonable age verification meth…
No definition of that word matches their usage of it. Your papers, please.