Comment by ck425
5 years ago
"Regulation" gave us the end of Slavery.
"Regulation" gave us the end of child labour.
"Regulation" gave us a 5 day work week.
"Regulation" gave us a reasonable number of holidays (in Europe atleast).
Regulation isn't fundamentally bad. Nor does is need to be controlled by lobbyists and big business. Your points against regulation aren't against "Regulation", they're against bad regulation. The response to bad regulation shouldn't be no regulation, it should be to work on better regulation and a better legislation process for that regulation.
"Regulation" gave you slavery. In the more natural state of affairs, you can't just go about enslaving someone without the risk of them running away or outright murdering you while you're looking away. It is the power of the state that captures the fugitive slave or punishes them for defending themselves.
With the arguable exception of slavery, social change gave us all those things. Regulation was just the part where we coerced the hold-outs to do as we wanted under threat of violence. Regulation in a democracy always lags social change.
> "Regulation" gave us a 5 day work week.
Wasn't it Henry Ford who gave us 5 day work week? 5 days to work, 1 day for church and 1 day to get out and buy the cars he was making.
Not everyone works for Ford.
https://en.wikipedia.org/wiki/Fair_Labor_Standards_Act_of_19... is what extended something similar (a 40 hour work week) nationwide.