3 ms·

Regulation and government involvement in economy very much so. This was/is the core of the neoliberal turn.

WalterBright 3y ago
Consider all the labor regulations since. All the complexity of the taxes. The design of cars today is completely driven by regulations - for example, the tendency for cars to all look alike comes from regulation of every aspect of them. Regulation has driven a lot of industry out of America, as it made it too expensive to operate here. In what area has government been reduced?
- Ashken 3y ago
  Education, for sure. In tech, while there are some regulations, I definitely believe that more need to be established, especially regarding the topic of the article. Tech is a bit too loose right now, with the exception of the health industry.
  - WalterBright 3y ago
    > Education, for sure. Are you sure? Hasn't government K-12 spending per student increased far faster than inflation? And how about all that federal money for student loans? Keep in mind that money always comes with strings attached.
- AlexandrB 3y ago
  > Regulation has driven a lot of industry out of America, as it made it too expensive to operate here. Do you have any sources? I think most offshoring is driven by significantly lower labor costs in other countries. For example, China has a highly controlled economy, but American companies still offshore work there simply because labor is cheaper. Indeed, we've seen some "onshoring" in recent years[1] now that automation is far more prevalent and labor cost is less significant as a portion of operating costs. [1] https://www.engineering.com/story/automation-is-making-onshoring-cool-again https://www.engineering.com/story/automation-is-making-onsho...
  - WalterBright 3y ago
    No, I don't have a specific cite. But the reason for offshoring is always going to be about lower total costs, of which labor is a large component. There are quite a lot of regulations around labor and benefits, along with the NLRB which is very tilted towards the interests of unions. California recently passed a law where the wages of fast food workers are set by some government board.

Consider all the labor regulations since. All the complexity of the taxes. The design of cars today is completely driven by regulations - for example, the tendency for cars to all look alike comes from regulation of every aspect of them. Regulation has driven a lot of industry out of America, as it made it too expensive to operate here. In what area has government been reduced?

Ashken 3y ago
Education, for sure. In tech, while there are some regulations, I definitely believe that more need to be established, especially regarding the topic of the article. Tech is a bit too loose right now, with the exception of the health industry.
- WalterBright 3y ago
  > Education, for sure. Are you sure? Hasn't government K-12 spending per student increased far faster than inflation? And how about all that federal money for student loans? Keep in mind that money always comes with strings attached.
AlexandrB 3y ago
> Regulation has driven a lot of industry out of America, as it made it too expensive to operate here. Do you have any sources? I think most offshoring is driven by significantly lower labor costs in other countries. For example, China has a highly controlled economy, but American companies still offshore work there simply because labor is cheaper. Indeed, we've seen some "onshoring" in recent years[1] now that automation is far more prevalent and labor cost is less significant as a portion of operating costs. [1] https://www.engineering.com/story/automation-is-making-onshoring-cool-again https://www.engineering.com/story/automation-is-making-onsho...
- WalterBright 3y ago
  No, I don't have a specific cite. But the reason for offshoring is always going to be about lower total costs, of which labor is a large component. There are quite a lot of regulations around labor and benefits, along with the NLRB which is very tilted towards the interests of unions. California recently passed a law where the wages of fast food workers are set by some government board.