Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Australia has very strong consumer protection laws but international companies still sell products here. They are forced to comply with the regulations and the prices are mostly comparable with other countries. Regulations work.




Multinationals cherish and welcome regulations. They have whole compliance departments for exactly that: obeying regulations.

How’s Australia’s startup scene though? Startups are the hardest hit by regulations.

Fewer startups mean less competition for incumbents. This is how de-facto monopolies appear: through regulating competition out of existence.




Consider applying for YC's Winter 2026 batch! Applications are open till Nov 10

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: