Money spent in complying with a regulation cannot be spent again on marketing or product research.
Joel MillerBureaucracies typically move slowly, clumsily, and without much regard for the wants and needs of the people they supposedly serve.
Joel MillerThink about the difference between how your local gas station and congressman respond to a spike in oil prices. One has the price placard outside changed to reflect the reality of the market within hours. The other sends out a press release, tries to organize a hearing, and at the end of amount accomplishes nothing. Meanwhile, the gas station has already made at least thirty additional adjustments to the realities of the market while your politico fails to get anything more than easy media.
Joel Miller