What is a regulated industry? I'm not aware of it as a legal term. Basically all industries are regulated in my understanding to a greater or lesser degree. Even in a lesser one, you can run up against those regs
Medicine is a regulated industry. You can’t work as a doctor without an MD and good standing with the local licensing agency.
Banking is a regulated industry. You can’t start a bank without first asking permission. Your employees are held to higher standards than other industries, and with criminal repercussions for intentional or negligent violations.
Per that definition, there are no unregulated industries. This seems contrary the the argument that regulated industry is a "very narrow" term, and the regulations on twitch in SK obviously don't count
You should go reread the conversation as your response indicates that you misunderstand the person you are replying to, suggesting that you didn't follow the thread very closely.
Summarizing the salient bits here:
>>>> Those penalties don't always have exemptions for stopping service. In fact it might have the opposite to avoid trying to put political pressure by doing that.
>>>> Doesn't mean it is a regulated industry which is actually a very narrow term.
>>> What is a regulated industry? I'm not aware of it as a legal term. Basically all industries are regulated in my understanding to a greater or lesser degree. Even in a lesser one, you can run up against those regs
>> [insert blurb about concrete instances of "regulated industries", where an intensional definition was clearly desired instead (not an incomplete, extensional definition)]
> Not a very operational definition. You can't start a hot dog stand without permission either.
So, from the top: some industries are regulated. But, oh, not all industries which are subject to regulation are what we would call "regulated industries" -- that's "a very narrow term."
Great! What exactly is the definition of that very narrow term?
The immediate response to that inquiry was several supposed examples of "regulated industries".
But that's not a satisfactory response, because it doesn't generalize. For instance, a hot dog stand is subject to regulation ("you can't start a hot dog stand without permission either") -- but is it a so called "regulated industry" (which, remember, "is actually a very narrow term")?
And then we have your response:
> That’s because restaurants are, believe it or not, also a regulated industry.
The sarcasm is cheeky, but it still doesn't provide a meaningful answer to the original question: if not all industries which are regulated are "regulated industries", then what exactly does "regulated industry" mean?
So, a couple questions for you:
1) How do you know that restaurants fit the original commentator's definition of "regulated industry"? Were you told that restaurants are among the set of "regulated industries", which you've accepted without understanding why?
2) If you actually do know what makes restaurants a "regulated industry" (not merely just regulated), why not share the definition?
3) Alternatively, could it be that neither of the first two question apply: you made your comment without first comprehending the conversation?
> a type of business that is controlled by government rules
And here's the comment that kicked off this sub-thread:
> Often the rules that require things of a company have penalties for non-compliance.
> [...]
> Doesn't mean it is a regulated industry which is actually a very narrow term.
So a regulated industry is a type of business that is controlled by government rules, but (per the aforementioned comment) not all businesses which are controlled by government rules are regulated industries.
So, again, I think the response of
> That’s because restaurants are, believe it or not, also a regulated industry.
is a bizarre blend of unhelpful and rude.
Perhaps you and I will just have to agree to disagree on that point.
