It seems to me that the Elite are building a new societal myth… That Regulation is always good.
Regulation can in deed be good. When it serves to control the actions of overly powerful industrialists from visiting on us some negative externality. Take Banks for example. A bank will take huge risks in a boom time. Then when times get tough the bank finds itself overextended. Putting the assets of it’s investors and more importantly it’s depositors at risk. This in turn lengthens and deepens a recession. Or an industrialist who buys a network such as a railroad, then destroys it to eliminate competition, and charges monopoly prices. Examples go on and on.
However regulation is mostly bad. Regulation is a tool in the tool kit of the Elite. Regulation is mostly used to distort the market. One thing we always have to keep in mind is that no one thinks he or she is getting a fair deal. We all complain that prices are too high but the price we get for our output is too low. (Even the lawyer who is getting paid $200.00 an hour to eat a free meal). So the Elite use regulation to change the outcome of the market to favor their cronies. The Elite regulate to build and maintain their power… an extremely corrupt practice.
This is particularly bad. As we at the International Capitalist Party keep reiterating, when the common people see the Elite not only being corrupt but also getting away with it, the common people feel no compunction to follow the law themselves. Why would we? When the Elite are breaking every law put in place to limit their power with immunity, we feel we had better get what we can while we can, else we will be in the cold. While the corrupt will be warm.
Another negative use of regulation is to disable your political opponent’s voice. It has always been in the nature of tyranny to stifle the voice of people who disagree. So if you want to know which political faction has the most tyrannical tendencies listen to the rhetoric of the factions. The faction that seeks to stifle the voice of the others through the use of regulation and with ad homonym attacks to redirect the discussion to the person making the point instead of addressing the point. The faction that engages in this behavior is the faction we must be most afraid of. Not to say we shouldn’t fear the others too…
Like everything in this universe… A little goes a long way. Overuse of anything is bad. Even things that are good. Like for example pears. Pears are good for you. They have roughage, vitamins, and minerals. One a day would be a good regimen for almost anyone. But a bushel of pears a day would lead to many negative side effects. The poor person wouldn’t be able to get far from the bathroom for one thing. The point is, that goods, like regulation, should be done in proportion and thoughtfully, but most importantly not too much.
So, if the Elite get the new societal myth believed, they will have a powerful tool in their toolkit of oppression…