You certainly have made some good arguments against regulation, suggesting a near certainty of regulatory capture screwing up whatever good intentions the original premise of regulation promised.
Was that your intention? I can’t dismiss your arguments out of hand as purely fantastic.
OnTheOtherHand, viewing all regulation and regulatory process as necessarily corrupt from birth doesn’t prevent some good coming of some regulation. I don’t think you’ll find corporations participating for the sake of highlighting their own immoral or irresponsible practices targeted by said regulation…maybe something along the lines of “thank god we helped develop this regulation that will allow us to stop doing these negative things forced on us by evil competitors/fraudulent bad actors/whatever scapegoat”. In spin world, everyone’s heroic in deed and motive…
Given your arguments, you might support this thesis: the more regulation and regulatory proceedings, the more likely some corruption may be concealed within it.
Thus a corporation seeking limits to regulation is acting responsibly to limit potential corruption, regardless of motive. It also follows that anyone seeking expansion of regulation is inviting corruption, regardless of motive (aka “the road to hell is paved with good intentions”, HaHaOnlySerious).
Obviously overtly corrupt and succinct regulatory proceedings are outside the scope of this thesis. Not that I’m aware of any succinct regulatory proceedings, heheh.
InMyHumbleOpinion the libertarian perspective would view using the power of government with good intentions as fraught with unintended negative consequences. Therefore we should use a minimum of government power exercised with maximal certainty of appropriateness. If we are not unanimously and honestly certain then government should refrain from the exercise of power.
I feel I might have left out something about how being cynical about regulation doesn’t make one an irresponsible actor but then this isn’t a retelling of “Anarchy, State, and Utopia”, “The Wealth of Nations”, “Atlas Shrugged”, or maybe “The Mystery of Capital”…
Was that your intention? I can’t dismiss your arguments out of hand as purely fantastic.
OnTheOtherHand, viewing all regulation and regulatory process as necessarily corrupt from birth doesn’t prevent some good coming of some regulation. I don’t think you’ll find corporations participating for the sake of highlighting their own immoral or irresponsible practices targeted by said regulation…maybe something along the lines of “thank god we helped develop this regulation that will allow us to stop doing these negative things forced on us by evil competitors/fraudulent bad actors/whatever scapegoat”. In spin world, everyone’s heroic in deed and motive…
Given your arguments, you might support this thesis: the more regulation and regulatory proceedings, the more likely some corruption may be concealed within it.
Thus a corporation seeking limits to regulation is acting responsibly to limit potential corruption, regardless of motive. It also follows that anyone seeking expansion of regulation is inviting corruption, regardless of motive (aka “the road to hell is paved with good intentions”, HaHaOnlySerious).
Obviously overtly corrupt and succinct regulatory proceedings are outside the scope of this thesis. Not that I’m aware of any succinct regulatory proceedings, heheh.
InMyHumbleOpinion the libertarian perspective would view using the power of government with good intentions as fraught with unintended negative consequences. Therefore we should use a minimum of government power exercised with maximal certainty of appropriateness. If we are not unanimously and honestly certain then government should refrain from the exercise of power.
I feel I might have left out something about how being cynical about regulation doesn’t make one an irresponsible actor but then this isn’t a retelling of “Anarchy, State, and Utopia”, “The Wealth of Nations”, “Atlas Shrugged”, or maybe “The Mystery of Capital”…