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There's also a deeper trend from more rules to less. In the mid 20th century much of the economy had the shape it did as a result of negotiations between power
by pg 14y ago
There's also a deeper trend from more rules to less. In the mid 20th century much of the economy had the shape it did as a result of negotiations between powerful groups. Now things are more fluid. Which on the whole is good, because the old arrangements often embodied technical limitations that have now disappeared.
- untog 14y agoBut to devil's advocate that point of view, isn't this also the case with the banking industry- to negative effect? It was systematically deregulated over the course of a decade and the hugely negative effects of that are only coming to light now.
- spindritf 14y agoThings are now more fluid and there is much more pressure on being efficient but I'm not convinced that we're moving in the direction of less rules, for example > Fifty years ago, only 5% of the American workforce was licensed; today it is nearly 30%. http://online.wsj.com/article/SB120701341410579079.html http://online.wsj.com/article/SB120701341410579079.html
- xiaoma 14y agoThis is really surprising to me. I can think of countless things that were okay when I was a kid, but illegal now. On the other hand, there's very little I can think of that was illegal then but legal now. From everything I've read, laws, regulations and even types of crimes classified as felonies are increasing and at an ever-faster rate.