View Poll Results: The role of regulation in the US economy, society and government

Voters
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  • no regulation

    6 16.67%
  • regulate for safety

    26 72.22%
  • level the playing field

    8 22.22%
  • penalize unwanted industry

    5 13.89%
  • strengthen government

    3 8.33%
  • reasonable costs so businesses can thrive

    16 44.44%
  • moderate to severe regulations to control industry

    2 5.56%
  • help nationalize industry by placing undue burdens on businesses

    1 2.78%
  • other...

    7 19.44%
Multiple Choice Poll.
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Thread: The role of regulation in the US economy, society and government

  1. #41
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    Re: The role of regulation in the US economy, society and government

    Quote Originally Posted by ronpaulvoter View Post
    Most busineses should not be regulated at all. Even safety, which a lot of people are voting for, can be self-regulated. Businesses that are unsafe or produce unsafe products, lose their clienteles, and thus, their profits.
    Meanwhile, their customers and employees are exposed to unnecessary danger for no particular reason. It's incredibly naive to think that market forces will always be sufficient to ensure safety, when there are so many examples to the contrary.

    BP will lose profits if it allows an oil leak, therefore we can trust them to self-regulate. Peanut Corporation of America will lose profits if it uses insanitary processing conditions, therefore we can trust them to self-regulate. Right?
    Last edited by Kandahar; 06-01-10 at 06:22 PM.
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  2. #42
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    Re: The role of regulation in the US economy, society and government

    Quote Originally Posted by phattonez View Post
    It wouldn't have to be. In an ideal situation, before a factory could start up, they would have to work out deals with neighbors to determine how much they can pollute and how much they have to pay for that pollution. But like I said, we don't do that in this country, so that is why I said only regulate for pollution.
    Many types of pollution don't effect the immediate neighbors. For instance, air pollution can blow many miles. Or in cases like CFCs, go straight up into the atmosphere to cause trouble. River pollution can flow many miles downriver. Your scheme would be insufficient to help with that.

    Besides, stuff still happens even with an FDA. We get E. Coli scares and all kinds of things. We don't need them. Any company that wanted to keep a good reputation would make sure themselves to keep food safe.
    It happens, but not nearly as much as it would without regulations. You think the E. Coli outbreaks are bad? Go back and Read The Jungle. Yes, the plot is largely socialist propaganda, but every single claim he makes about the state of the meat processing plants was proven to be correct.

    To bring things closer to home, do you think any additional regulation could have stopped the Deepwater Horizon blowout?
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  3. #43
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    Re: The role of regulation in the US economy, society and government

    Quote Originally Posted by ronpaulvoter View Post
    Regulation should be VERY limited.

    In nearly every case, government regulations go FAR beyond what is reasonable and thus destroy our economic base.

    Most busineses should not be regulated at all. Even safety, which a lot of people are voting for, can be self-regulated. Businesses that are unsafe or produce unsafe products, lose their clienteles, and thus, their profits.

    About the only things that should be regulated are monopolies and quasi-monopolies, like public utilities. But even here, the regulations should NOT be excessive.
    What are specific safety regulations you'd abolish?
    The Makeout Hobo is real, and does indeed travel around the country in his van and make out with ladies... If you meet the Makeout Hobo, it is customary to greet him with a shot of whiskey and a high five (if you are a dude) or passionate makeouts (if you are a lady).

  4. #44
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    Re: The role of regulation in the US economy, society and government

    Quote Originally Posted by the makeout hobo View Post
    To bring things closer to home, do you think any additional regulation could have stopped the Deepwater Horizon blowout?
    Yes and no...

    With higher regulations ensuring the equipment works properly or requiring multiple relief wells be drilled when the origional well was drilled, we quite possibly would not be dealing with this problem right now.

    However, without the strict regulations on where these companies can drill in the first place... deep sea drilling would likely be the last place these companies would want to find oil. Instead they would choose places on land or in shallower waters and in turn be able to control leaks more easily.

  5. #45
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    Re: The role of regulation in the US economy, society and government

    Quote Originally Posted by Jucon View Post
    Yes and no...

    With higher regulations ensuring the equipment works properly or requiring multiple relief wells be drilled when the origional well was drilled, we quite possibly would not be dealing with this problem right now.

    However, without the strict regulations on where these companies can drill in the first place... deep sea drilling would likely be the last place these companies would want to find oil. Instead they would choose places on land or in shallower waters and in turn be able to control leaks more easily.
    Why wouldn't they drill on the bottom of the ocean floor? It's where the oil is, and they can still make a profit drilling there. If they don't drill there, someone else will and they'll loose out on making money from that reserve. And also, these companies already drill in shallow water and on land.
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