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Forum Post: Why Regulations are Evil

Posted 8 years ago on July 8, 2012, 9:28 a.m. EST by john23 (-272)
This content is user submitted and not an official statement

I beg anyone reading this post to actually sit down and watch this video on organic farming and GMO takeover of the food industry. I hope it will shed light on the fact that regulations don't always do what you think they do, and in many instances actually protect the very business that we are all so mad at. This isn't a post to claim that regulation isn't necessary in some aspects...but hopefully it will open your eyes as to how regulations are used today to protect the very people you want to punish. Please watch:




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[-] 4 points by francismjenkins (3713) 8 years ago

Right, and I agree with this premise, but libertarians often ignore one critical fact. Yes, it is true that our current economic system has become extremely concentrated (at the top of the pyramid), and government helped make this possible. But to vanquish government in one fell swoop, without also breaking up these huge private cartels that have accumulated over time, would put the people at a serious (and perhaps insurmountable) disadvantage. I don't think anyone wants to go from a corrupt economic system to serfdom, and the libertarian approach (that only attacks one side of the problem) is (yes Mr. Hayek, pun intended), the "Road to Serfdom" :)

Put it this way, even granting the argument that government enabled the accumulation of huge amounts of concentrated private power (which I do), to deal with only one side of the equation, without addressing the fact that these huge private interests acquired their power unfairly (by gaming the system), leaves the people at their whim (basically, we'd simply be like the guy who goes to a gun fight with a knife, out gunned, no meaningful ammunition, and shit out of luck).

If the Chinese like feudalism, well, maybe there's nothing we can do about that (besides not buying junk manufactured in their sweat shops), but what we can do, is make sure it never happens here.

[-] 2 points by john23 (-272) 8 years ago

Yeah i agree with you for the most part....lol, except the road to serfdom comment.

My theory is take money out of politics...if there is a monetary incentive you will always come across greedy people willing to put us right back where we are now. Cap earnings of politicians from all avenues of income (salary, stocks, lobbyists...whatever) and tie it to some general marker for average earnings in america. Then revamp elections as well..take the money out of it...let all people be seen (that have a certain percentage of the population vote and above) for equal amounts of time on tv...with equal amounts of commercial time. Don't let money influence gov at all. They're there to do a patriotic duty and make a change for people....if they are driven to really do this a cap on earnings shouldn't dissuade them.

[-] 1 points by francismjenkins (3713) 8 years ago

Well, yeah, some reform would be okay, although it could only be a temporary solution (without more, call it, revolutionary structural change, we'll wind up back in the same place eventually).

[-] 1 points by writerconsidered123 (344) 8 years ago

regulations are only as currupt as the governing body that writes them