Don’t you think hotels aren’t already regulated? Just try opening a new one in a popular place and let us know how open the market is.
Repeat after me: regulations (no matter how good or well intended) favor the incumbents and hinder startups. Fewer startups means less competition. Less competition means fewer, crappier and more expensive products and services.
Trying to use more regulation to fix a market f’ed up by regulation will only deepen this spiral of doom.
Don’t you think hotels aren’t already regulated? Just try opening a new one in a popular place and let us know how open the market is.
Repeat after me: regulations (no matter how good or well intended) favor the incumbents and hinder startups. Fewer startups means less competition. Less competition means fewer, crappier and more expensive products and services.
Trying to use more regulation to fix a market f’ed up by regulation will only deepen this spiral of doom.