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by dmix
2968 days ago
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Not that I support the OPs absolutist statement, but courts could and do handle quite a few of those (I mean fraud is handled almost entirely by the courts). Especially if the effort over the last century was put into strengthening the law and property rights, instead of creating endless agencies, government economic power brokers, and pre-emptive hoops for companies to jump through, which encourage state-backed oligopolies to flourish at the expense of competition and any firm small enough to not afford a team of lawyers. Not to mention measuring efficacy and ROI on each individual agency involved in market intervention is largely absent once the agencies are in place. Unless you're conflating 'removing government actors' as completely removing the justice system and law enforcement? Which are two things which libertarians are very much in support of being government responsibility...Smaller government != no government. |
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Of course there are costs to any system of regulation, but most consumer regulation is there to prevent companies doing things some of them absolutely did. Busses in London used to have “no spitting” signs. Now they don’t. Why the change?
In general you regulate because hard earned experience shows you have to, not because you just feel like it. If regulations become unnecessary, ok it’s time to revisit it, but managing this stuff is what we elect people for.