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Strategies & Market Trends : Ride the Tiger with CD
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To: grusum who wrote (189534)7/19/2010 2:12:45 PM
From: Land Shark1 Recommendation  Read Replies (1) of 313801
 
>government regulation is captured and enforced 'on' people, rather than 'for' them.

This view is simplistic at best. I can think of one regulation re. noise levels in plants that saves worker's hearing. That is imposed "on" the company "for" their employees. The employees would otherwise go deaf and the general public, nor the company's customers, their clients couldn't care less.

Same was true now re. child labour. The regulations puts limits on the age of people employed and the no. of hours. The idea behind that is poor families would allow their kids opportunity to go to school rather than go out and earn money on a full time basis to make ends meet. Education means opportunities. Education needs to be funded by the state to level the playing field. Otherwise only well-to-do families would be able to afford to put their kids through school. 100+ years ago, companies with solid reputations of the day employed children in dangerous factory work. Thanks to GOVT. regulations, that no longer is the case. However, thanks to outsouring of labour to 3rd world countries (without strings attached), we're back to that situation with child labour only this time in India. We now need REGULATIONs written into trade treaties limiting child labour.

Govt. regulations are mostly good and are there for a reason. Without them we'd be back to the harsh times of the Victorian era (and before). Of course, some neoconservatives yearn for those times where they could be good robber-barons. It's always a push/pull fight against the robber-barons. And public interest groups always have to keep their vigil and ensure they don't get their way.
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