Comment by Y-bar

1 day ago

> always ends up catastrophically.

Government intervention like forbidding led-based paints or asbestos in homes? Or government intervention like doing something about the ozone depletion? Government intervention like forbidding roaming fees? Intervention like requiring 3-point seat belts? Like progressive taxation? Like forbidding discrimination based on skin colour? Like air travel safety? Like a max ceiling on credit card fees?

Always?

9 comments

Y-bar

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kibbber  1 day ago

>Like progressive taxation? Like forbidding discrimination based on skin colour?

Ok, sometimes.

  • Y-bar  1 day ago

    Give an example regulation which has objectively been catastrophic and where there has been no clear attempts at amending or improving it.

    • CamperBob2  19 hours ago

      Some off-the-cuff examples that come to mind:

      - Drastic overregulation of nuclear energy in the US, resulting in fossil-fuel pollution measurable in gigatons over the past several decades accompanied by literally countless illnesses and premature deaths.

      - Premature mandates for airbags in cars that resulted in hundreds of needless child deaths because the technology wasn't yet safe enough for universal deployment. A scenario that's playing out right now with misfeatures like automated emergency braking.

      - The Jones Act (Merchant Marine Act of 1920), whose effects are too convoluted to go into here.

      - Misguided, market-distorting housing policies, ranging across the spectrum from rent control to Proposition 13.

      - Many if not most aspects of the War on Drugs, including but not limited to mandatory minimum sentencing and de-facto hardwiring of racial bias into the justice system.