At 5:10 PM -0400 8/2/96, Timothy C. May wrote:
(Examples abound in other areas, too, such as where large chip companies like Intel actually relish the vast amounts of paperwork they are required to fill out, becuase this overhead and legal burden can be handled by their buildings full of paper pushers, but helps to keep small companies from entering the market.
Milton Freedman observed this in "Free to Choose". He said something to the effect that regulation only *helps* the existing players in any given market by increasing barriers to entry, especially for smaller firms. Cheers, Bob Hettinga ----------------- Robert Hettinga (rah@shipwright.com) e$, 44 Farquhar Street, Boston, MA 02131 USA "'Bart Bucks' are not legal tender." -- Punishment, 100 times on a chalkboard, for Bart Simpson The e$ Home Page: http://www.vmeng.com/rah/