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RE: Anarchy is all around us. It is self-interest and money, and not government regulation, that keeps you safe.

in #anarchy7 years ago

Excellent post. I'd add that the incentive to do less in the way of quality control is created by government regulation. Since there is just one or a small number of known palms to grease when it comes to getting the stamp of approval; since there is a set and predictable outline of the rules for acquiring said stamp; since heavy regulation discourages competition from upstarts; and since the focus of the company is on just satisfying government requirements (often set by a bureaucracy with zero market experience), there is far less uncertainty and the attendant creativity of solutions than can be seen in less regulated industries where the focus is on being better, safer, cheaper, and easier than the competition.

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Jess, you nailed it, as usual.

You said it. That's a bullseye. Thank you.

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