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Nokia and the others had classic strategic advantages that should have protected them: strong product differentiation, trusted brands, leading operating systems, excellent logistics, protective regulation, huge R&D budgets, and massive scale.
One reason for this passivity is protective regulation that has lured these rating agencies into complacency.
Overly protective regulation also leads to less safe skies.
If the first golden age was defined by protective regulation, this new boom was defined by the freedom to lend money to almost anyone.
More simply, the cost of pseudoanonymity and lack of a central authority and protective regulation is that Mt.Gox won't be the last Bitcoin meltdown.
Recent boom-and-bust cycles (and many from the past) have been the product of human greed, excessive risk, a cutback of protective regulation, and the assumption by executives that they could walk into new areas of business, particularly in finance, and have no problems.
Similar(50)
Those favoring greater scope for patent protection argue that Europe's failure to adopt more protective regulations has harmed software innovation in Europe by denying the protection innovators need to get financial support for their ideas.
In conformance with protective regulations, this provision permits access to copyrighted works.
It is imperative that the Food and Drug Administration write protective regulations holding generic companies liable for any harm their products cause.
Knowledge of the factors that influence the fate and transport of viruses in porous media is very important for accurately determining groundwater vulnerability and for developing protective regulations.
It featured three swinging wrecking balls emblazoned with Donald Trump's face and a tough-minded, fact-laden investigative report on three Trump Cabinet secretaries who were systematically dismantling protective regulations in their respective government agencies.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com