3 ms·

All regulations are good is a weird take. For example abortion bans are regulations, they prevent businesses from harming fetuses.

• kristopolous 3y ago
  That's not the take. Instead it's to stop the illusion that a free market is one without government intervention. Instead, free-market systems are planned, all-encompassing, complex, intimate, specific, and targeted government regulations. The libertarian Cato handbook for policymakers book, for instance, is 744 pages long: https://www.cato.org/sites/cato.org/files/2023-03/cato-handbook-9th-edition.pdf https://www.cato.org/sites/cato.org/files/2023-03/cato-handb... They don't want "less" regulations but instead, a redirection of them. Additionally it's to stop insisting that movements towards free market ideology hasn't been attempted or that it will be a ticket out of the mess. It's been the leading paradigm since the Volcker shock in 1979. It was so dominant that libertarian free market economics was often confused as the totality of economics - it was not only the 2 ton gorilla in the room, but it was the room itself. The libertarian free market economic world of Milton Friedman, James M Buchanan and Hayek was the only mainstream paradigm and the only framing there was for decades. The problems we have are a consequence of those policies - not a consequence of not heeding to them in a pure enough form - claiming an incorrect solution failed only because it wasn't tried with more enthusiasm is an argument of fools. My advocacy is to be unmoored from ideology and focus on the problems and then advocate for solutions without being subservient to any paradigm of how things ought to happen. This is also known as heterodox economics. See https://en.m.wikipedia.org/wiki/Heterodox_economics https://en.m.wikipedia.org/wiki/Heterodox_economics