Free Market Myth
Regulation is everywhere. Let’s choose who benefits.
The extraordinary financial collapse of recent months has been commonly described as a testament to the failure of deregulation. The events are indeed testament to a failure—a failure of public policy. Blaming deregulation is misleading.
In general, political debates over regulation have been wrongly cast as disputes over the extent of regulation, with conservatives assumed to prefer less regulation, while liberals prefer more. In fact conservatives ...
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I worked through the golden years of labor, and I benefitted greatly from regulations allowing unions to strike and engage in collective bargaining. This may have allowed unions to go a little too far, and resulted in everybody else above us on the food chain to demand more. As Baker says, regulation, free from ideology, can be easily changed or adjusted. Fastened to ideology it's either/or, and that can be seen in the Republican desire to eliminate unions. They should actually be encouraged, but should be regulated differently. Less government interference could actually make the relationship between business and labor more harmonious by setting good and fair regulations and then let the two sides battle it out.