View Poll Results: Which regulations should be put in place

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  • All regulation is good, the government should completely control the economy

    0 0%
  • Minimum wage

    10 28.57%
  • Labor condition laws

    23 65.71%
  • Product safety laws

    23 65.71%
  • Antitrust laws

    21 60.00%
  • Copyright laws

    24 68.57%
  • Environmental protection

    24 68.57%
  • Tariffs and other import/export regulations

    14 40.00%
  • Incorporation restrictions

    9 25.71%
  • None of the above

    8 22.86%
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Thread: Which market regulations are beneficial/necessary?

  1. #11
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    Re: Which market regulations are beneficial/necessary?

    Quote Originally Posted by jamesrage View Post
    All regulation is good, the government should completely control the economy


    I disagree with this.Not all regulation is good.

    Minimum wage

    Good because it ensures that some employees are not to exploited. Without it I imagine people in this country besides illegals would be still making a dollar an hour or less.


    Labor condition laws


    A good thing. The fact we had to make laws to improve labor conditions only shows that such such a thing would have never happened without government intervention.


    Product safety laws

    A good thing.



    Antitrust laws

    A good thing

    Copyright laws

    A good thing,although I am not too sure about the full extent.



    Environmental protection
    A good thing,although this ony extends to dumping waste or releasing noxious or hazardous fumes into the air.

    Tariffs and other import/export regulations

    Its a good thing.Without it a lot of jobs will go over seas and a lot of companies here wouldn't be able to compete.


    Incorporation restrictions
    Not sure exactly what this means to have an opinion.
    It does not happen very often, but I could not agree more with James, and that is a very nice summary.

  2. #12
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    Re: Which market regulations are beneficial/necessary?

    No vote, as usual, I can detect a conservative/libertarian agenda a mile away.
    But, "product safety laws" should be completely scuttled....This safety mania has become completely ridiculous.

  3. #13
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    Re: Which market regulations are beneficial/necessary?

    While I believe that the government should protect the environment to reasonable degree, provide some unemployment insurance, and most importantly protect people against theft and fraud, the government's role in the economy should be kept to a minimum. Typically government tries to fix a problem, thinking that it's God, and it just makes things worse.

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    Re: Which market regulations are beneficial/necessary?

    Tarrifs don't really help the economy, they just prop up certain industries when the resources could be more efficently used elsewhere in that country.

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    Re: Which market regulations are beneficial/necessary?

    Quote Originally Posted by DrunkenAsparagus View Post
    Tarrifs don't really help the economy, they just prop up certain industries when the resources could be more efficently used elsewhere in that country.
    Actually, no, they prove critical in the appropriate development of infant industries, which maximizes dynamic comparative advantage.

  6. #16
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    Re: Which market regulations are beneficial/necessary?

    I voted for labor conditions, product safety, antitrust, copyright, and environmental.

    These are generally good regulations for society because they are directly beneficial for the people (with the exception of environmental regulations). These regulations keep the worker from being exploited, and protect from chaos. The environmental are indirectly good for the people. We need to protect the environment from destruction.

    I withheld my vote for the minimum wage, because, I believe it is good only to an extent. An excessively high minimum wage (what we have here in MA compared to previous years/other parts of the country) can force an employer to hire less than they normally would. Don't get me wrong, minimum wage is beneficial to society to oversee that workers are not exploited for labor. I would not like to see minimum wage raise any more here is MA.

    I also withheld my vote on tariffs import/export regulations, because I'm unsure of my opinion. On one hand, I believe free trade can be good for the economy. On the other hand, tariffs against certain countries are good political strategies for morality against a regime. I believe the trade blockade on Cuba should be lifted, but trade restrictions on North Korea should be held in place.

    Sadly, I do not know what incorporation restrictions are.

    The regulations listed are pretty general. There are plenty more...
    Intervention regulation against failing markets (AKA government takeover), regulation on the prices of a commodity, regulation on gas guzzling vehicles, sin taxes, etc.
    "All mankind is of one author, and is one volume; when one man dies, one chapter is not torn out of the book, but translated into a better language...No man is an island, entire of itself...any man's death diminishes me, because I am involved in mankind; and therefore never send to know for whom the bell tolls; it tolls for thee." - John Donne

  7. #17
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    Re: Which market regulations are beneficial/necessary?

    Quote Originally Posted by Agnapostate View Post
    Actually, no, they prove critical in the appropriate development of infant industries, which maximizes dynamic comparative advantage.
    Actually yes, why should we prop up industries that can't stand on their own? Thousands of new enterprises are driven out of business by their counterparts in the same nation. It also helps provoke retaliatory tarrifs. All companies start out by losing money. Proping up a business is only worthwile if it can par its customers back with lower prices later on, but if the business can recoup it's debt to the consumer, why can't it support itself?

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    Re: Which market regulations are beneficial/necessary?

    Quote Originally Posted by DrunkenAsparagus View Post
    Actually yes, why should we prop up industries that can't stand on their own? Thousands of new enterprises are driven out of business by their counterparts in the same nation. It also helps provoke retaliatory tarrifs. All companies start out by losing money. Proping up a business is only worthwile if it can par its customers back with lower prices later on, but if the business can recoup it's debt to the consumer, why can't it support itself?
    Your basis is a utopian conception of market exchange where all market agents and competitors have the ability to rise and fall on their own merits (which is why you suggested that worker-owned enterprises should be able to gain a competitive edge if they're more efficient). Given the realities of market and wealth concentration, that's most certainly not the case.

  9. #19
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    Re: Which market regulations are beneficial/necessary?

    Quote Originally Posted by Agnapostate View Post
    Your basis is a utopian conception of market exchange where all market agents and competitors have the ability to rise and fall on their own merits (which is why you suggested that worker-owned enterprises should be able to gain a competitive edge if they're more efficient). Given the realities of market and wealth concentration, that's most certainly not the case.
    I realize that the market doesn't work perfectly. Neither does the government. The government rarely concedes power once it's put in place. It usually creates more problems when it triesto solve something. Also, it's probably a matter of me not seeing your response, but why exactly wouldn't a worker owned factory succeed if it's so much more efficent?

  10. #20
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    Re: Which market regulations are beneficial/necessary?

    I voted for everything except the minimum wage and tariffs / trade barriers. Most of the things listed are necessary, because they either protect the public (e.g. environmental laws, safety laws) or they prevent economic inefficiencies (e.g. copyright laws, antitrust laws). But the minimum wage and tariffs are just gratuitous meddling in the market, and the government should not be involved.

    I wasn't really sure what you meant by "incorporation restrictions." Do you mean zoning restrictions, where you can't open a business in a residential area? If so, I support that.
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