Posted 3 years ago on Nov. 30, 2011, 7:30 p.m. EST by ProAntiState
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Free Market Regulation Explained by Alex Merced
Everyone always assumes that as free marketers that we advocate there be no regulations at all, but the truth is we think there should be no government monopolies of regulation or violence used in enforcing it. Then the response always is, if the government can do it then people won't. Although there are plenty of ways regulation can be done for profit in a way were the regulators have consumer interest more in mind than they do now. You've probably already read plenty of articles of the effects of government regulation as far as eating up resources and raising the barrier to entry reducing competition for the very firms your trying to control so let's take a different approach.
The intended or perceived intention of regulation is consumer protection, and we've seen that this is not always the result for one key reason,...