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Singapore and Hong Kong are two of the richest countries on Earth per capita, and have much less regulation than the US or Europe.
by logicchains 7y ago
Singapore and Hong Kong are two of the richest countries on Earth per capita, and have much less regulation than the US or Europe.
- anticensor 7y agoBut they have much more stringent enforcement.
- big_chungus 7y agoThose poorer nations with less regulations don't enforce what they have. See, for instance, the post about massive sand theft in India; rampant corruption enables anyone to bypass the law amd cause harm to others. Passing more regulations won't fix that; said nations have tried that and failed.
- deleted 7y ago[deleted]
- anticensor 7y agoI specifically meant HK and Singapore.
- shkkmo 7y agoHong Kong and Singapore certainly have zoning and land use regulation. They have consumer safety regulations. They have much more strict drug law penalties. Thereay be areas where they have less regulation but they are hardly the poster children for "minimal regulation" countries. I am not at all saying that our level of regulation is perfect. There are lots of bad regulations that exist to protect industry profits or simply remove citizen choice out of fear.