zlacker

>>He specifically said that licensing wouldn’t be for the smaller places

This is not a rebuttle to regulatory capture. it is in fact built into the model

These "small companies" are feeder systems for the large company, it is a place for companies to raise to the level where they would come under the burden of regulations, and prevented from growing larger there by making them very easy to acquire by the large company.

The small company has to sell or raise massive amounts of capital to just piss away on compliance cost. Most will just sell

>>phpist+(OP)
The genie is out of the bottle. The barriers to entry are too low, and the research can be done in parts of the word that don't give $0.02 what the US Congress thinks about it.

>>SoftTa+A1
All the more reason to oppose regulation like this, since if it were in place the US would fall behind other countries without such regulation.