12-06-2016, 10:53 AM
(12-06-2016, 10:32 AM)pbrower2a Wrote:(12-06-2016, 04:04 AM)Galen Wrote:(12-05-2016, 06:15 PM)taramarie Wrote: "We need those regulations. Without them the people and the planet suffer for the sake of elites' profits."
I actually agree with Eric on this.
You don't really understand the magnitude of the problem I suggest that you find out the size of the regulatory burden in the US. If you are unfortunate enough to be in California its much worse. This is the result of an unelected bureaucracy that is out of control.
The regulatory burden exists because the free market does nothing to prevent such deeds as toxic dumping, adulteration of foodstuffs, dishonesty in disclosure of financial statements, inducing workers to do unpaid overtime off the clock, asking female employees from offering themselves as fringe benefits to male bosses... Regulation exists because human nature is flawed, and because abuses in the past have obliged government responsible to the People to control those who wield economic power.
If Humanity were invariably good then we would need no regulation -- or police, courts of law, or prisons.
I don't think anyone is saying in this thread we should get rid of regulations entirely. It's just that government regulations tend to require 10x to 100x the paperwork that's necessary actually to provide the required information.