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Asking government to come up with "counterbalancing regulations" is exactly same as asking corporations not to be ruthless in making profits. In one word: "Impo
by tn13 13y ago
Asking government to come up with "counterbalancing regulations" is exactly same as asking corporations not to be ruthless in making profits. In one word: "Impossible".
There is a good reason why corporations are ruthless in profit making. It is because the people who are responsible for making its decisions have a strong incentive to make more and more profits at all cost.
Government out of all people have 0 incentive to come up with anything that acts as a counterbalance. Government employees including Mr. President have only one incentive. Keep that damn job. I worked in a department that was focused on improving certain aspect of engineering education. Very quickly I realized that our jobs and funding depended on painting a very sad picture of reality and getting lots of money from government. Improving education was the last thing we were concerned about.
I do not see what is wrong with "no-regulation" at all. In fact all the empirical evidence suggests that no-regulation leads to far better outcomes in most areas.