By what means?Valkenar wrote:
This is why I tend to advocate things like consumer protection and corporate responsibility.
More GOVERNMENT regulation predictably results in the following:
- Higher taxes - to pay for the personnel and processes needed to enforce the regulations.
- Higher-priced products. I just got finished visiting my dad, who lives with my sister and brother-in-law. The latter is involved in real estate loans, property management, etc. As he said last night (and my brother the lawyer as well) what used to take a few hours a year ago now takes a few days, and with a lower probability of getting a return. Right now he literally cannot make any money. Ultimately we the consumer pay for that in terms of higher prices. And that hurts the poor much more than it hurts the wealthy. There is no free lunch.
- Possibly less creativity/diversity. Regulation poorly executed can tend to stifle the creative movement in a highly adaptable and mobile business environment. There will be fewer Apple-like inventions, more boring vanilla cars, greater homogeneity of homes, etc. Imagine Obama's administration obsessing over fuel economy restrictions when you have a fully electric Tesla paradigm up and running in southern California. What's up with that? All while government subsidizes the corn industry that produces ethanol for gas that has no (zero, zilch) petroleum savings in the big picture. And Europeans are enjoying the benefits of clean diesel (sometimes produced from organic matter) while we suffer from regulations that favor gasoline-powered vehicles. Half of all cars sold in Europe are diesels. I'm still waiting for Subaru to introduce the boxer (opposing piston) diesel engine over here in their product line. Still waiting... and waiting... and waiting...
I've thought of giving up and just converting one of my vans to dual fuel source. CNG vehicles are today, and they can be run cheaply. But there are these damned regulations that my mechanic and I have to overcome... All we want to do is save mega $$ on fuel and use a domestic source of energy. Sounds patriotic and ingenious to me! But nooooo, we have to keep the regulators happy. No more 1950s and 1960s style tinkering of cars allowed. Grrrr.....
Rather than forced regulation, I prefer better and faster information. Nothing kills a bad business and poor service faster than well-informed consumers. The performance of a merciless free market is on a level that government wishes for in its best wet dreams.
Everything in moderation, my friend.
- Bill