As public regulators all over the world are busy pushing regulations (what else? that is their sole job after all) maybe it is time to stop and ask: are we losing more than we are gaining?
Everything has a price and free markets are the only mechanism for determining that price. But regulations overwrite that price with one determined by politics and lobby and populism. This new price is paid by all no matter if we want to or not.
So the question is: is it worth it? I make this kind of cost analysis in my life every day. But is it anybody doing them at the society level? As the costs of regulations add up so does the cost of the product. Can, we, as a society, afford it? Or maybe we are pawning our future to pay for these imposed costs today?
Everything has a price and free markets are the only mechanism for determining that price. But regulations overwrite that price with one determined by politics and lobby and populism. This new price is paid by all no matter if we want to or not.
So the question is: is it worth it? I make this kind of cost analysis in my life every day. But is it anybody doing them at the society level? As the costs of regulations add up so does the cost of the product. Can, we, as a society, afford it? Or maybe we are pawning our future to pay for these imposed costs today?