The cost addressed by regulation is the cost on society of the unregulated behavior.
An alternative might be, no regulation, but businesses are responsible for the costs of business to society (pollution, poor mental health, potential that it's a scam). After all, businesses benefit from these things, so they should gladly cover their cost to society.
The cost addressed by regulation is the cost on society of the unregulated behavior.
An alternative might be, no regulation, but businesses are responsible for the costs of business to society (pollution, poor mental health, potential that it's a scam). After all, businesses benefit from these things, so they should gladly cover their cost to society.
Personally, I prefer less pollution.