1/ Regulations are ultimately about managing risk, whether that risk is fraud, unsafe practices or someone building an ugly building.
The more (actually or performatively) worried you are about the specific risk, the more checks, approvals, rules and guidelines you put in place.
Their regulations tend to assume that management are bastards, and must be monitored and constrained lest they exploit people or generate negative externalities for profit.
Their regulations tend to assume folks are out to scam any benefits scheme, and must be monitored and constrained lest they take advantage of the tax-payer's generosity.
The specific behaviors targeted tend to be different (criminalizing hate speech vs criminalizing drug use, for example), but it's still all regulation.
Because cutting regulations on something you don't think should be controlled is harder administratively and politically than new rules on an area you think is too lax, the democratic back and forth tends to lead to ever increasing aggregate levels of regulation.
"We want to (largely performatively) trim some regulation in the areas we aren't worried about, but we'll be adding much more in the areas we are."
Transparency, digitization, single windows, removing arbitrary gatekeepers, and removing pointless redundancy. /end
More from For later read
How I created content in 2020
A thread...
Back in Aug 2016, I started creating content to share my experiences as an entrepreneur.
Over 3 years I had put out 1,200+ hours of content - posting every week without
Little did I know that something I started almost 4 years back would give my life an entirely new direction.
At the end of 2019, my biggest platform was LinkedIn with ~700K followers.
In Jan 2020, I decided to build a team that would help me with the content.
I ran a month long recruitment drive to hire a team of interns.
It comprised 4 detailed rounds - starting with my loved 20 questions, then an assignment, then a WhatsApp video round and finally F2F.
Through 1,200+ applications, I finally selected 6 profiles, starting March.
I am a firm believer in @peterthiel's one task, one person philosophy
So the team was structured such that everyone was responsible for ONLY one task
1. Content ideas
2. Videography
3. Video editing
4. LinkedIn (+TikTok) distribution
5. FB+IG distribution
6. YouTube distribution
A thread...
Back in Aug 2016, I started creating content to share my experiences as an entrepreneur.
Over 3 years I had put out 1,200+ hours of content - posting every week without
August 2016.
— Ankur Warikoo (@warikoo) October 2, 2020
It has been 3 months since LinkedIn had launched its video feature.
And I had been waiting for it to be activated on my profile.
A thread...
Little did I know that something I started almost 4 years back would give my life an entirely new direction.
At the end of 2019, my biggest platform was LinkedIn with ~700K followers.
In Jan 2020, I decided to build a team that would help me with the content.
I ran a month long recruitment drive to hire a team of interns.
It comprised 4 detailed rounds - starting with my loved 20 questions, then an assignment, then a WhatsApp video round and finally F2F.
Through 1,200+ applications, I finally selected 6 profiles, starting March.
I am a firm believer in @peterthiel's one task, one person philosophy
So the team was structured such that everyone was responsible for ONLY one task
1. Content ideas
2. Videography
3. Video editing
4. LinkedIn (+TikTok) distribution
5. FB+IG distribution
6. YouTube distribution