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For example, about a month ago, I saw a video about people farming frogs in China..

… For example, about a month ago, I saw a video about people farming frogs in China... To collect secretions for medical use. At first I thought WTF. But then they mentioned how much it sells for and I thought "Wow. We have a lot of cane toads here everywhere, it would be a great business to do here." I actually started thinking of doing this... This is really out there for me because I'm a software engineer; but I started seriously considering this. But guess what? I did my research and turns out it's illegal to do it in my country (Australia) because the frog secretions would be considered an illicit substance and you need to go through some expensive process to obtain a license. Yes, you need a license to farm frogs... A few weeks back, I read news about someone who got arrested for farming cockroaches (as reptile food for zoos)... It's like all the entry-point business opportunities have become illegal. …

Original discussionAlmost $1B Later, the US Still Can't Make a Medical Glove159 source comments · at import
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Shouldn't free market reward companies that go the other way and where people don't "fail upwards"? It is kind of demoralising to think otherwise, but it seems it is true. We see it everywhere. Bad companies making bad decisions keep surviving, and actually the vast majority of companies are like this. One implication is that MBAs in suits that make bad decisions are actually right and their decisions are not bad. The other implication is that there is no free market, no meritocracy and the truth is, game was rigged from the start. Edit: I should add that most of this is anegdotal evidence and a general feeling I have. It is not a very powerful argument I'm making.

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LA

“Overhead to starting businesses” is not the only metric to take into account though. I’m not going to defend any given regulation necessarily, but your ad reductum fallacy is to think that’s the ONLY factor that must be considered. Consumer protection, environmental protection, worker protection, etc, etc, all can and should be taken into account in the calculus for regulations. Besides, many problems with starting a business come from monopolistic practices, not regulation, and reducing regulations will just make it cheaper for the mega corporation to keep their monopoly, at the cost of all these other factors. So anyone who just goes “grr, regulation bad”, I can’t take seriously. If you have specific examples of regulations that are objectively bad, and should be removed, that’s fine, but the examples you cited protect something else, and ignoring that is intellectually dishonest at b…

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XY

I like your moxie and I also agree Australia is an over-regulated racket... but I'm also glad my neighbours aren't mass farming frogs or cockroaches in my suburb without talking to the council first. My brother had a neighbour build a crematorium next door in NZ; not an industrial or rural area, just the suburbs, no permits, no consultation, no notification. Very entrepreneurial. They got shut down but the flip side of "you can just do things" is surprises like a plume of smoke and the smell of burning corpses when you step outside.

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PE

There are plenty of businesses that could be built under current regulations. It might be a bit Harder, but business is difficult.

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