3 ms·
Too much overly specific and outdated regulation, and that's by design. What looks like a good, pro consumer law actually often has the backing of large corpora
by webXL 10y ago
Too much overly specific and outdated regulation, and that's by design. What looks like a good, pro consumer law actually often has the backing of large corporations. Doesn't matter what party you belong to. Regulation abuse at the local level can at least be contained and voters have more power to change things or move. Not so much at the national level. Government should focus only on the things that the market cannot solve: public safety and enforcement of contracts and rights. The problem is that much of the public thinks that the government has and should complete control over the market in order to protect them, as if government is made up only of angels and wise men. The market players know more about the market than the government does, so often they are tricked or bribed into favoring one market participant over another. The only way to solve it is for the public to realize what the government does best and stop putting their personal saviors into positions of power, where their inexperience/lack of knowledge/greed/shortsightedness causes them to write bad/mediocre laws on top of existing bad & mediocre laws.