http://www.economist.com/node/21547789
This article points out that though America claims to be a lassiez-faire economy, there are tons of regulations on the books, some of which that apply to only extremely strange and rare occurrences. Many Americans poke fun at these regulations, but they are no laughing matter. These regulations create seas of red tape for businesses to work their way through haphazardly. And most of these regulations are never taken off the books, even if they are realized to have little value, which is scary.
The author also points out how this has infiltrated American life in general, with the numerous regulations on flying caused by Republicans to the health care bill passed by Obama that did little about reducing the complexity of the American health care system. He also brings up the point about legislation like this catering to special interest groups, something that we have talked about in class as a weakness of government.
1 comment:
It is a problem that republicans and democrats only focus on issues that mean the most to them. There are still several areas that are never examined as much as they should be because they are not of interest to specific groups. We should not only examine regulations to enforce but ones which we should no longer enforce.
Post a Comment