Posted by
CKHustler on Sunday, June 12, 2011 1:16:32 AM
As anyone who has had a conversation with a liberal about regulations, they are actively anti-big business. The evil businessman is always out to get one over the consumer and we are helpless to their whims while paying out our noses for their inferior products. They believe regulations will bring them down to size and put the consumer as well as their competitors back on a level playing field. Not only are they wrong about big business in general, but the regulations that supposedly level the playing field across the market.
Regulations, far from creating any sort of equality, create market collusion and monopolies. On the competitors side the big businesses are the only ones that can cope with more regulations and still make money. The percent of their revenues going towards regulations are much lower than a smaller business. If a regulation is put into place, it either costs a flat percent of revenue no matter the size of the business, in which case none will gain advantage, or it will cost a flat dollar amount, in which case the big business benefits over its competitors. I think this side is fairly self explanatory and if you have further doubts, do a little research on US Steel's lobbyists for regulations to allow a near monopoly on the market. On the consumer side I believe it hurts us rather than help. I will use a most obvious example that most everyone would agree should exist and that is the FDA food safety approvals. Let us assume for a moment that we have no such food regulations and any company can do whatever they like with their food to get it to the shelf. You walk into a store, what are you going to buy? Hormel sits on the shelf and has a brand name to back it up. They have been around for years and have a record to back them of safety as people have not taken ill after eating its products. Lemroh is sitting next to it on the shelf and you have no idea if they are safe. Without any regulations, they could put anything in that package and you wouldn't know. Which product do you buy? It seems to me that most everyone would buy Hormel and few would buy Lemroh. Now, Lemroh could go one of two ways. One way, their product is legitimate and the few that buy it continue buying it without any ill effects...they eventually spread by word of mouth to be safe and build a product image of their own. OR....their product isn't up to snuff and soon those buying the product start seeing that product on the news with safety concerns and stop buying it themselves and Lemroh goes out of business. The market takes out the unsafe product on its own without the need for any safety regulations. Lemroh would never intentionally sell an inferior product because it would be out of business before it could turn a profit and likely run into lawsuits if they were shown to be negligent in the process. It is Lemroh's best interest to sell a quality product as they are beholden to the whims of the mob which could put them out of business on a whim.
Without regulations the consumer is on their toes and on the lookout for the best and worst products. We don't have government regulations to rely on which is likely a good thing because how often have those regulations failed to protect us in the first place? Not only do we gain independence, but the business doesn't have useless regulations weighing it down. Now a regulation requiring food safety isn't going to change the market drastically whether it exists or not, but for every good regulation there are many many useless ones. None of those would be around to cost businesses efficiency and productivity which allows them to lower their prices and increase their output.
The indirect consequence of this is that with fewer regulations more people will be able to start businesses in their own right and we will have an increase in competition and a greater diversity of products. Businesses not only lobby to have regulations increased on the market for currently existing competition, but they work to pull the ladder up behind them so to speak. By lobbying for regulations to increase the difficulty to start a business they can get rid of competitors before they even enter the market.
To me I see that it is difficult to argue that any regulation is needed. The same mentality of brand name works on any product or service. Want to find a doctor? Ask around for a good one or research doctors on your own. We already have private companies like angie's list that will give reviews on pretty much anything you are looking for and this is with regulations in place, just imagine how many of these there would be if fewer regulations existed. Without these regulations the markets open up and we have a benefit of competition and choice in the marketplace which lowers prices and increases quality. I see no major downsides to this...and for those liberals out there, it is anti-big business...Well, it's pro-competition in any case.
"All that is necessary for evil to triumph is for good men to do nothing" Edmund Burke