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I wonder what could be done to help fight this. Not just for alcohol, but regulatory capture in general. Network neutrality is in the same boat. Other than havi
by endersshadow 12y ago
I wonder what could be done to help fight this. Not just for alcohol, but regulatory capture in general. Network neutrality is in the same boat. Other than having a generic consumer advocate lobbying group, what could be done?
- dublinben 12y agoGet the government out of these areas. You can't have regulatory capture without government regulation.
- jal278 12y agoThat's true -- but implicit in that statement is that regulation is never desirable. What about situations where government regulation is desirable or necessary (e.g. limitations on environmental pollution)?
- dublinben 12y agoWe have a long way to go before we have to worry about the small number of situations where regulation may be necessary. I think we should focus on all the obviously bad regulations (like those at issue in this story) before we start to tackle the more justifiable ones.
- baddox 12y ago> but implicit in that statement is that regulation is never desirable. Not exactly. What's implicit in that statement is that a structure with the physical ability to create and enforce regulations will probably create some effective regulations, and some ineffective regulations. Just like how a market will probably lead to some efficient outcomes, and some inefficient outcomes (i.e. market failures). So the question becomes which structure (government or markets) can do better overall, or if there's some way to combine the two such that you get "the best of both worlds" which is better than an all-or-nothing approach. My belief is that markets can do better overall than a pure command economy or a mixed economy, primarily because governments (at least modern republics) are, at the end of the day, somewhat subject to market forces in the form of elections, lobbying, personal incentives of government officials, etc., This makes the whole "let's use government to solve some common market failures" idea seem fairly silly to me. If we as a society can't aggregate our desires effectively enough to avoid a market failure (e.g. to fund a public good, like a highway system [0]), why should we expect to be able to aggregate our desires effectively enough to give legal authority to an organization to use violence to avoid a market failure? [0] Using the broader definition of "public good" that includes club goods, and assuming the highway system isn't so congested that it can be considered rivalrous.
- warfangle 12y agoHow would a Free (as opposed to 'free' with regulations attached) market limit industrial pollution (some contaminations of which aren't discovered until almost a century after the original contamination[0])? In a Free market, how does an individual litigate against a multinational oil company that spills 17-30 million gallons of oil into a major metropolitan area[1]? (Very slowly: litigation has been ongoing with nearly no developments in the last 9 years except to drop Chevron) In a Free market, who sues the coal plants when entire uninhabited ecosystems are poisoned with lead, mercury, and sulfuric acid? In a Free market, who do you sue when global temperatures rise by 5C and flood major metropolitan areas? What market forces are at work when an entity will be defunct by the time the repercussions of its actions come to light? [0]. http://www.wnyc.org/story/most-radioactive-site-new-york/ http://www.wnyc.org/story/most-radioactive-site-new-york/ [1]. http://en.wikipedia.org/wiki/Greenpoint_oil_spill http://en.wikipedia.org/wiki/Greenpoint_oil_spill
- nickff 12y agoIn a free market, property rights are more extensive than in a highly regulated market, so tort law serves many of the purposes that regulators and federal agencies currently do. When a multinational company causes damage to a harbor, beach, ecosystem or city, damaged parties can file suit for compensation. A harbor authority may have provided a guarantee to assume responsibility for environmental problems, in order to be granted the relevant rights of way, or it may be on the other side of the law, filing suit against a company which has damaged its income stream. Landowners or municipalities can file suit for damage caused to a beach, and fishermen, environmental tour companies, or governments can file suit for damage to ecosystems. In the United States, the EPA has absolved many companies of any responsibility, or at least greatly diminished the corporations' costs, by depriving damaged parties of a cause of action, as the EPA has the sole responsibility for many forms of pollution, and their regulation. Free markets are not very different from mixed systems in dealing with issues like climate change, but they do make it plain to each individual that they are directly responsible for the outcomes which come to pass. This responsibility is more effective in regulating action than one might think. In a market system, entities at fault may be defunct by the time the repercussions of their actions are apparent; on the other hand, politicians are rarely held to account on any single issue, and they are often more ephemeral than large corporations; the bureaucrats responsible for regulation are never held to account for any results at all.
- curun1r 12y agoFix campaign financing laws to limit the power of money in politics. The only reason the politicians listen to the impassioned few over the apathetic many is because the impassioned few are willing to supply the money needed to get reelected. Fix that, and politicians will start representing the interests of the broadest swathe of the electorate or, gasp, voting with their conscience based on what seems like the right thing to do. Sadly, we seem to be going the opposite direction on this at the moment.
- jal278 12y agoA recent and relevant approach to addressing campaign finance is Lawrence Lessig's MayDay [1] movement, which is sort of a SuperPAC virus (a SuperPAC to end SuperPACs). [1] https://mayday.us/ https://mayday.us/
- enraged_camel 12y agoCreate oversight bodies consisting of untouchables. http://en.wikipedia.org/wiki/Untouchables_(law_enforcement) http://en.wikipedia.org/wiki/Untouchables_(law_enforcement) edit: why the downvote?