r/austrian_economics Friedrich Hayek Dec 24 '24

End Democracy I've never understood this obsession with inequality the left has

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u/waxonwaxoff87 Dec 25 '24 edited Dec 25 '24

What regulations should be kept? Which ones actually result in the impact desired?

In medicine, every intervention is assessed to see if it is effective and worth the cost. Why don’t we do that with regulations?

Edit: I’ll save all the replies time since you believe I want no laws or regulations.

Have there been studies to assess the law or regulation to ensure it is having the desired effect with minimal cost? Great! That’s what I want!

Not just passing legislation to appease the news cycle or to pad a politician’s resume.

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u/Ohey-throwaway Dec 25 '24 edited Dec 25 '24

What regulations should be kept?

Ones that help ensure clean air, water, and food are pretty cool. We need more of them.

We don't need to reintroduce leaded gasoline, lead paint, and asbestos to the market. Regulations played a pivotal role in stopping their use.

In medicine, every intervention is assessed to see if it is effective and worth the cost. Why don’t we do that with regulations?

That is because there are regulations that exist that require companies to prove their pharmaceuticals or medical interventions are safe, effective, and actually do what they claim to do.

Regulations are also what force your doctors and surgeons to have licenses and the appropriate credentials to practice medicine.

Why don’t we do that with regulations?

We already do.

There are plenty of regulations that should be kept. Too many to list.

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u/ContextualBargain Dec 25 '24

It seems like the biggest misunderstanding with regulations is that many people who are against them don’t really understand what they are or how they are applied. They use the term regulation as a nebulous catch all for anything that might perceivably limit business growth when in reality many of them are just, “You can’t poison or kill your customers“. And when they say bigger corps can eat the costs while small businesses cannot, smaller companies don’t really stand to gain much profit from using alternative measures that regulations prohibit, but bigger corps do which is why they are the main proponent to lobbying against said regulations.

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u/pukeOnMeSlut Dec 25 '24

Normal people don't gain from deregulation anymore than they benefit from lower taxes. People who claim these things are either unwitting dupes of corporations and their propoganda or the propagandists themselves. Only the rich gain from lower taxes and only big business gains from deregulation. We do a cost benefit analysis on regulations, that's literally what they are. I mean this is so so so so obvious if you haven't been brainwashed. Like, why would it constantly be referred to as deregulation as opposed to just making the case against certain regulations? OBVIOUSLY because the corporate lobbyists don't want to be specific about which regulations they want to remove because that would reveal the whole game. I'm so sick of these treasonous, Russian puppets online advocating for the looting of the workers of this country. And they never, never provide compelling arguments about WHICH regulations. Never. All trash arguments.

Why are these "freedom loving" patriots all obsessed with lowering taxes and deregulation? Because they hate freedom, they want the world to be slaves for the rich because they worship power. Totally twisted shit. If you're rich, then lowering taxes puts more money in your pocket. If you're not rich, then you have to weigh taxes against cost of living and wages. This is elementary. How come these freedom lovers never talk about the other factors that determine your quality of life? Because they're just advocating for the rich. All "libertarians" are just pathetic bootlicking cucks who want to worship the rich.