articleBody
| -
Regulation destroys free markets in 4 distinct phases:
CONSOLIDATION - The regulators consolidate their power by making
regulations that are popular. Sometimes they make regulations that
the free market is already doing and then take credit for them.
They use input from the biggest industry players to create
regulations that the big firms are already doing. So the big firms
are barely inconvenienced by the regulations, but the small firms
have large compliance expenses. The goal here is to consolidate
power and give the bigger firms an advantage.
BULLYING - After power is consolidated, the regulators start
playing favorites. They decide who the winners and losers are in
the regulated industry. They start making regulations that are
inconvenient and annoying, but they are powerful enough to silence
dissent now. Free market innovations that do not please the
regulators are squelched. Operating outside of the regulation is
not allowed.
MONOPOLIZATION - The regulated industry loses competitors and
only a few big firms that have access to the government are allowed
to survive. All of the smaller firms are driven out. Regulators can
now shut down any firm and have absolute power. Barriers to entry
are created to exclude new competition.
NATIONALIZATION - The government now formally or informally
combines with the few remaining industry firms. The industry
leaders are just puppets now, the government can exert control from
behind the scenes whenever they wish. The free market structure of
the industry has been wiped out.
It’s important to remember that regulation and law are
different. Laws are passed by congress, which is elected. Ideally,
laws are debated publicly and apply to everyone equally.
Regulations are created by bureaucrats who are not elected and
usually cannot be fired. This eliminates the accountability and
transparency of the regulatory process.
-
happybeing:
No the title is the title, it does not justify your opinions,
and the logical conclusion of your statement here is that nothing
should be regulated.
Sorry, once you start attacking the messenger, you’ve lost
me.
-
chrisfostertv:
Does not OP title not say it all, is Maidsafe not a tech firm.
Once you start regulating one thing, it’s a slippery slope.
No the title is the title, it does not justify your opinions,
and the logical conclusion of your statement here is that nothing
should be regulated.
If you feel people who believe regulation should not be welcome
here I think we’d have a very small community.
|