A great piece in the Economist that makes the case that we need regulations and less litigation to give us more freedom. I like the idea, and would totally support it. I think that currently since we don't have good regulations, litigation is the only thing that keeps certain businesses honest. An excerpt below: (and read the full article at the Economist)
To generalise: for risks I can assess myself, I don't want regulations that prevent me from doing as I please just because I might end up suing the government. For risks I can't assess myself, I do want regulations that give me the confidence to do as I please. One kind of regulation stops me from swimming in a pond in Massachusetts. The other kind lets me swim in a river in the Netherlands. One kind of regulation makes me less free. The other kind makes me freer.
http://www.economist.com/blogs/democracyinamerica/2010/08/liberaltarianism_and_regulation
Wednesday, August 25, 2010
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