Business associations and individual economic actors often lobby for “less regulation”. Politicians and officials often feel obliged to follow this call. In some jurisdictions, even entire regulatory policy departments have been created to limit the quantity and the heaviness of regulation. As a consequence, regulations sometimes become “light”, containing general provisions and leaving details out. In this article, we claim that businesses are partly shooting themselves into the foot by calling for “less regulation”  instead of “less obligations”. We also state that we are all better served by more and more detailed provisions. Continue reading The tragedy of business lobbying for “less regulation” →