10 Left Wing Economic Misconceptions
Effects of Regulation-
What the Left believes: Regulation is government making sure that things are safe, clean, effective, and fair.
The Truth is: While regulation should provide the basic guarantees most Americans want, many don’t realize how excessive and overbearing it has become. Nearly 90,000 new regulations have been enacted in the past 20 years. In a recent poll 72% of small business owners said they felt excessive regulation was hurting them. The is nearly ¾ of small business owners saying the government no longer provides a framework for constructive safe businesses to thrive, as any regulation should do, but rather is constricting and suffocating them. It leads to higher costs which only larger companies can afford, and more complex compliance responsibilities, which only large companies can afford to hire people to oversee such complexities. In the end large companies can afford the regulations, small businesses can’t. The economic effect is startling to consider, especially knowing that the bureaucrats dreaming up these new regulations were never elected and now hold consider power over the US economy.
Regulation can also bring together unusual groups of people working to achieve similar ends, albeit for different reasons. The video below explains the “Bootleggers and Baptists” theory on regulation.
[youtube height=”HEIGHT” width=”WIDTH”]https://www.youtube.com/watch?v=msQ_khFmKtU[/youtube]
