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

Voters
36. You may not vote on this poll
  • 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.
Page 1 of 5 123 ... LastLast
Results 1 to 10 of 45

Thread: The role of regulation in the US economy, society and government

  1. #1
    Banned
    Join Date
    Oct 2009
    Last Seen
    07-23-12 @ 03:52 PM
    Gender
    Lean
    Private
    Posts
    6,763
    Blog Entries
    2

    The role of regulation in the US economy, society and government

    I say that the role of regulation in our economy, society, government is that it be for safety. I also say that it be reasonable and not place undue costs or procedures on businesses. I say only for safety as I don't wish to see regulation used to "level the playing field" in any sense. I say be reasonable since we don't want to unduly burden business - we want a business friendly environment so that businesses can be created and thrive.

    My core question is: is there such a thing as too much regulation? How do we determine where that point is, industry to industry?

  2. #2
    Enemy Combatant
    Kandahar's Avatar
    Join Date
    Jul 2005
    Location
    Washington, DC
    Last Seen
    10-15-13 @ 08:47 PM
    Gender
    Lean
    Liberal
    Posts
    20,688

    Re: The role of regulation in the US economy, society and government

    Depends on the industry. Some industries (e.g. health care, food processing) need more regulation because they deal with life-and-death situations, where the profit motive is not always in line with public safety. Other industries (e.g. insurance, finance) need more regulation because they pose a systemic risk to our economy, and the taxpayers have to foot the bill when the industry makes mistakes. Others (e.g. oil, automobiles) need more regulation for environmental reasons.

    There is definitely such a thing as too much regulation. We see this in a lot of pro-union states with very stringent labor laws, that have no purpose for existing in a free market economy. Right-to-work states typically have stronger labor markets and are more productive. We also see some examples of too much regulation at the national scale. For example, the US legal system makes it incredibly easy to sue people, and to incur no penalty no matter how ridiculous the lawsuit is. As a result, businesses spend far too much money suing one another and defending themselves from lawsuits stemming from obscure regulations.

    In general, I support the minimum amount of regulation necessary for business and society to prosper, and no more. People who think that the market can solve all social ills are incredibly naive, as are the people who think that we can solve all social ills by having the government micromanage every aspect of business.
    Are you coming to bed?
    I can't. This is important.
    What?
    Someone is WRONG on the internet! -XKCD

  3. #3
    Traditionalist
    phattonez's Avatar
    Join Date
    Jun 2009
    Location
    Los Angeles, CA
    Last Seen
    12-05-17 @ 03:45 PM
    Gender
    Lean
    Other
    Posts
    20,072

    Re: The role of regulation in the US economy, society and government

    No regulation. I mean, only pollution right now since we don't have adequate legal channels to deal with it yet.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  4. #4
    Sage
    samsmart's Avatar
    Join Date
    Dec 2009
    Last Seen
    @
    Gender
    Lean
    Other
    Posts
    10,316
    Blog Entries
    37

    Re: The role of regulation in the US economy, society and government

    Before I answer, I would like to more clarification on what you mean by asking about the government using regulations to "level the playing field," and "reasonable costs so businesses can thrive."

  5. #5
    Banned
    Join Date
    Jan 2009
    Last Seen
    02-12-11 @ 12:32 PM
    Lean
    Slightly Liberal
    Posts
    939

    Re: The role of regulation in the US economy, society and government

    When you say "level the playing field" I took that as not allowing monopolies and that sort of thing, am I right or were you refering to something else?

  6. #6
    Banned
    Join Date
    Oct 2009
    Last Seen
    07-23-12 @ 03:52 PM
    Gender
    Lean
    Private
    Posts
    6,763
    Blog Entries
    2

    Re: The role of regulation in the US economy, society and government

    Quote Originally Posted by samsmart View Post
    Before I answer, I would like to more clarification on what you mean by asking about the government using regulations to "level the playing field," and "reasonable costs so businesses can thrive."
    By "level the playing field" I have in mind the use of regulation to create equality of outcome for various minority groups. I don't think "level the playing field" applies to equality of opportunity since we have the 14th Amendment and the Civil Rights Act of 1964 and so is protected by law.

    By "reasonable costs so businesses can thrive", the regulation shouldn't be onerous. It should be affordable and not add too much cost to business operations. Sarbanes–Oxley Act of 2002 is an example of what I would consider too much regulation. This is definitely a bit of a grey area and is connected to my questions "is there such a thing as too much regulation? How do we determine where that point is, industry to industry?"
    Last edited by reefedjib; 05-31-10 at 05:43 PM.

  7. #7
    Educator Jucon's Avatar
    Join Date
    Mar 2010
    Location
    USA
    Last Seen
    04-22-14 @ 07:52 PM
    Gender
    Lean
    Moderate
    Posts
    787

    Re: The role of regulation in the US economy, society and government

    In my mind regulations should only be used to ensure worker safety and to keep businesses from taking advantage of workers and consumers.

    I believe in letting the market decide but, for example, how can the market keep the banks from using sketchy tactics that as we all know lead to the downturn of the economy?
    And how can the market ensure worker safety?

  8. #8
    Sage
    samsmart's Avatar
    Join Date
    Dec 2009
    Last Seen
    @
    Gender
    Lean
    Other
    Posts
    10,316
    Blog Entries
    37

    Re: The role of regulation in the US economy, society and government

    I voted "regulate for safety," "level the playing field," and "reasonable costs so businesses can thrive."

    Regulate for safety is a given, so I don't think I really need to get into that too much.

    By leveling the playing field, I think we should allow minorities and women entry to occupations they generally have difficulty in getting into. This is as much a problem in the military as it is in the private sector. I can't wait for the first female officers and enlisted to gain the experience they need to start putting all-female crews on submarines. I think that for some ethnic groups, they don't see how people of education and wealth act so they can't emulate it. Hell, I think that's the truth for areas with poor white people too, and I would like to help those regions break down barriers as well.

    One idea I've been toying with is creating a financial center away from Wall Street and built elsewhere, such as in Atlanta, GA, or maybe somewhere out West. That way, NYC won't dominate the debate from the financial industry POV when Congress asks their input on financial regulations.

    I also included reasonable costs so businesses can thrive. I think all regulations shouldn't be too damaging. However, I exempt punitive fines to be exempt from this. If you break a rule and you can't afford to pay the fine, then you should be put out of business for it. As simple as that.

    While I believe in the nationalization of some industries, I do not believe that doing so by placing an undue burden on businesses is the answer. However, if the nationalization of an industry somehow puts an undue burden on business, then so be it.

    For example, we have public railways in the form of Amtrak. Now while Amtrak may have put private railways out of business, I have no problem with that. However, I don't think we should put too much pressure on those private railways to coerce consumers to use Amtrak instead.

    I don't believe in penalizing unwanted industry - if an industry is so unwanted, Americans will just make the whole thing illegal anyways.

    Moderate to severe regulations to control industry, I didn't vote for either because it sounds too leading. For one, it depends on the particular industry. For another, if an industry needs to be severely regulated, I would think that it would be better to just nationalize it and have civil servants be employed there.

    I didn't vote for "strengthen government" because I don't think regulations should be passed just for that reason. While increased regulations on an industry may indeed strengthen government, I don't think we should increase regulations purely for that purpose.

    I'm against "no regulation" for a variety of reasons. One is that unregulated businesses would be just as harmful as unregulated individuals. I also think that no regulations actually hurts small businesses rather than large businesses, as large businesses can do activities such as price fixing, operate at a loss in order to put new small businesses it competes with out of business, and form monopolies that hurt competition and raises prices. Regulations are good for consumers and even other businesses, so I'm all for them.

    I would like to say that I think regulations on labor are good. This includes such things as laws against child labor, limited work days, paid maternity and paternity leave, and regular vacations.

  9. #9
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 06:12 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,683

    Re: The role of regulation in the US economy, society and government

    safety is a legitimate purpose of the government.

    None of the others really are and no regulation would be anarchy

    I voted for the reasonable costs meaning the government should move to lessening the amount of costs it imposes on our businesses



  10. #10
    Banned
    Join Date
    Oct 2009
    Last Seen
    07-23-12 @ 03:52 PM
    Gender
    Lean
    Private
    Posts
    6,763
    Blog Entries
    2

    Re: The role of regulation in the US economy, society and government

    Quote Originally Posted by samsmart View Post
    By leveling the playing field, I think we should allow minorities and women entry to occupations they generally have difficulty in getting into. This is as much a problem in the military as it is in the private sector. I can't wait for the first female officers and enlisted to gain the experience they need to start putting all-female crews on submarines. I think that for some ethnic groups, they don't see how people of education and wealth act so they can't emulate it. Hell, I think that's the truth for areas with poor white people too, and I would like to help those regions break down barriers as well.

    One idea I've been toying with is creating a financial center away from Wall Street and built elsewhere, such as in Atlanta, GA, or maybe somewhere out West. That way, NYC won't dominate the debate from the financial industry POV when Congress asks their input on financial regulations.
    I am very surprised by your answer here. When it come to the military, I have no problems with changes to policy allowing women into new areas like submarine crews. The military has no problems with minorities. But to use regulation on industry for social engineering is very wrong. It is like Affirmative Action on steroids. If minorities and women are qualified for a position, they will get it and make headway for those behind them.

    There already are other financial centers like Charlotte, NC. You were planning on having a planned city?

Page 1 of 5 123 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •