Regardless of the merits of such visas, they were legal, and companies now depend on them.
Business uncertainty is off the charts when any administration can change existing policy at a whim and on short notice, for any kind of sunk costs.
The whim makes it uncertain, the short notice makes it unmanageable, and the sunk-cost makes it unavoidable.
It's this uncertainty that fuels government corruption, by creating an undifferentiated need to make nice and comply.
At each step, it will be cheaper for companies to join than to resist, and companies that resist will get oversized responses as a warning to others. That makes joining corruption an economic necessity.
This is how Putin organized and subjugated Russian oligarchs and the elites.
Business uncertainty is off the charts when any administration can change existing policy at a whim and on short notice, for any kind of sunk costs.
The whim makes it uncertain, the short notice makes it unmanageable, and the sunk-cost makes it unavoidable.
It's this uncertainty that fuels government corruption, by creating an undifferentiated need to make nice and comply.
At each step, it will be cheaper for companies to join than to resist, and companies that resist will get oversized responses as a warning to others. That makes joining corruption an economic necessity.
This is how Putin organized and subjugated Russian oligarchs and the elites.