Comment by purple_turtle
4 hours ago
Less regulation is a good target.
Just not sole one.
Harm reduction (a good reason for regulation) also needs to be balanced with it.
But piles of regulation have costs - both in reduction of competitiveness, increasing expenses, reducing willingness of people to follow and support it and so on.
Regulation is bad, just it is often less bad than alternatives.
But reducing amount of regulation is a good goal.
Otherwise you end in situation where you need lawyer to understand anything, you are not allowed to throw torn socks into garbage and general population applauds people breaking law and happily support it.
"Less regulation is a good target" is only true under regimes where good faith outcomes can be expected without regulation. Given the frequency with which financial incentives align with undesirable outcomes there's no evidence to support this idea.
Regulations aren't free.
Say someone silly makes a rule that your need X hours of training annually to be an interior decorator. Now besides the training, you also have to know that that's required, you have to maintain records to prove you've had the training, the government needs a process for verifying that you've had the training, ...