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Politics : View from the Center and Left

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To: Mary Cluney who wrote (13018)	2/22/2006 1:00:49 PM
From: wonk	Read Replies (2) of 542570

…Government will always try to get involved in business where they do not belong. Government is where bureaucrats hole up…. Business has only one purpose, maximize returns to owners. Everything else is irrelevant. Government has a different imperative, to maximize the well-being of the citizenry. Sometimes the two are congruent. More often they are not. If – for example - a port operator can increase investor returns by cutting security they will do so. In fact, Management has a fiduciary responsibility to do so. The only limitation on a business cutting cost in such a manner is for the Government to say it can’t. Inevitably, once the Government regulates, business will come back and say the regulation is overly burdensome. The issue is not government intervention versus none, regulation versus no regulation. The issue is good regulation versus bad regulation. ww

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