|
Great example of the issue of regulation
http://www.vox.com/2014/5/5/5680394/...the-expense-of
TLDR: the lower the barrier to get dental care, the more poor people who get dental care.
I'm posting this partly because a popular anti-capitalism sentiment revolves around the belief that it favors exclusivity and immorality. This, however, is an example of how capitalism increases inclusion and morality. This isn't the only example, there are virtually countless ones. As a model, reducing barrier to entry into any economic behavior increases utility, morality, and ultimately the progressiveness of the society. And not in a small way. The China economic miracle is primarily about lax regulations on barrier to entry in business.
I don't know what this says about the totality of regulatory policies, as there are ways they are arguably necessary. But it is a point against the hyper-regulation sensibilities we all have (liberals and conservatives alike). The overwhelming majority of people want rules for everything. That is the wrong approach. I think the right approach is one that considers rules the option of last resort, and examples like the article can help show why that would be.
|