> Part of creating a business is figuring out how to do things that won't get you sued into oblivion.
The harder that gets, the fewer businesses there will be.
If you look at businesses that managed to exist, sure, you'll see stories of how they used their "innovative entrepreneurial spirit" to triumph over every obstacle. Hurrah! What you won't see are the companies that just barely weren't able to exist, the ones that didn't quite make it through every hoop -- and it is this unseen cost that should keep every regulator up at night.
> The harder that gets, the fewer businesses there will be.
And at what point is it more important to have more businesses than it is to have more businesses that treat consumers fairly? Usury laws have eliminated some companies, reigning in student loan companies would probably eliminate a few more. But that's a balance deemed worth it because usury is predatory and harmful. Profiting by being lazy and sloppy with people's personal information where the risks (e.g. identity theft) are huge isn't a particularly well balanced justification for "more businesses above all else".
