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Pastimes : THE SLIGHTLY MODERATED BOXING RING -- Ignore unavailable to you. Want to Upgrade?

To: TigerPaw who wrote (8331)	4/11/2002 1:49:22 PM
From: TimF	Read Replies (1) \| Respond to of 21057

excessive regulation can slow down commerce but it does not get permanantly ruined. It is the kind of thing that can be reviewed and replaced. Things that are stolen or destroyed through lack of oversite can generally never be brought back. In theory it can be reviewed and changed but in practice heavy regulation can exist for a long time, and does more damage to our economy then oil companies getting overly sweet deals on drilling rights. The resources wasted by this regulation are gone as much as the oil that you are talking about. But I wasn't even talking about excessive regulation restraining companies due to good if misguided intentions. Regulation is often used directly to benefit one special interest at the expense of another or of the more general interest. Government granted monopolies, corporate welfare subsides, trade barriers, or something more subtle like safety regulations designed to favor one company's product over anothers. More regulation often means more stupid regulations. Yes the regulations can be eliminated but the special interest that benefits from them will resist any change, and the resources wasted, or the extra costs incurred by other companies or consumers are gone, they wont be "brought back". Tim