I can assure you if one person gets fired wrongly, the impact to others is trivial.
If you shut down an entire company, the impact is far more widespread an damaging...for example.
You can offer more financial support and expertise to the little guy than to the big guy, that's fine. But you can't lose sight that both must be treated fairly..for the greater good
Are you coming to bed?
I can't. This is important.
Someone is WRONG on the internet! -XKCD
This thread is sorta useless...
Laws = Civilized Society
No Laws = Anarchy
As a former smoker, I always think of tobacco companies when I think about regulation. Their story shows the failings of both sides of the regulatory environment:
First, tobacco companies boosted their products addictive qualities -- going as far as to pump extra nicotine in -- and then covered up or just plain-old lied about the relationship to cancer. The market incentivized this behavior -- as long as the companies could avoid the consequences of the harm their products were causing, they stood to gain more profit. Without the power of government to investigate, cast light on and punish these practices, they might be going on today.
But then there's the flip side: regulation has driven up the cost of a pack of cigarettes to the point where many smokers -- addicted to these cancer-causing products -- are spending way more than they can afford to maintain the habit. Meanwhile, several states sued over the cost of treating sick smokers and won a massive settlement. I live in Ohio -- guess how much of that settlement money goes to help sick smokers or to quitting programs? None, because the state sold the settlement annuity (a la J.G. Wentworth) and used the proceeds to plug a budget gap. Meanwhile, smokers who haven't yet found the strength to quit (it's not easy -- I've done it) pay more and get sicker. Now we want to put pictures of lung tumors on cigarette packs. To me, that's pointless and a waste of resources.
So smokers get the "trickle-down" from both sides.
The lesson is that regulation is absolutely necessary but must be applied with restraint and wisdom to be effective. But that's very difficult to achieve in our system of government.
Last edited by GhostlyJoe; 10-07-11 at 01:49 PM.