I'm not concerned with slow development and the occasional fire. I'm more concerned with rampant over-regulation. Being required to have a license to put up a non load bearing wall in my own house... The homeless in the US that cannot afford the minimum ordained "humane" dwelling size. Minimum parking lot size requirements. Minimum wage. The fed modulating the currency value with the goal of INCREASING unemployment. Homes being required to have running water and electricity, be above a certain size, or you aren't allowed to live in them (Even if they are way wayy out in the middle of the woods). $20,000 driveway concrete keying fees intended to hurt companies that prevent basic individual rights on personal property.
Regulation raises costs, and raises price floors.
Generally you gain some quality, but don't see the ghost it unleashes.
I understand we need building codes in cities so fires don't burn down all of New York, and train, plane, drug inspection laws. But I think overall, non-violent crime in the world is absolutely over-regulated.
For some reason people usually assume there are no costs to regulation, and only benefit. I think its a just psychology. Regulation is a thin line that requires dancing on. Always assume there's a ghost cost behind a decision, even if it seems harmless. Even something as well intended as banning candy from the front of grocery stores to cut childhood obesity could unroll into a huge problem as each actor solves their local issue, and generate an emergent behavior. I'll function as an annoying representative of this concept.
> people usually assume there are no costs to regulation, and only benefit
This is an under-emphasized point. So often, well-meaning laws and regulations achieve some kind of visible social benefit paired with some invisible social costs.
Similarly to how some claim that certain companies have learned to "privatize the profits, socialize the losses", you could say that politicians have learned to privatize the visible benefits and socialize the invisible detriments to any policy.
Regulation raises costs, and raises price floors. Generally you gain some quality, but don't see the ghost it unleashes.
I understand we need building codes in cities so fires don't burn down all of New York, and train, plane, drug inspection laws. But I think overall, non-violent crime in the world is absolutely over-regulated.
For some reason people usually assume there are no costs to regulation, and only benefit. I think its a just psychology. Regulation is a thin line that requires dancing on. Always assume there's a ghost cost behind a decision, even if it seems harmless. Even something as well intended as banning candy from the front of grocery stores to cut childhood obesity could unroll into a huge problem as each actor solves their local issue, and generate an emergent behavior. I'll function as an annoying representative of this concept.