AlexMerced
11-13-2010, 05:10 PM
http://votemerced.blogspot.com/2010/11/policy-recommendation-steamlined.html
also if you go to votemerced.com I've added a menu where you can see playlists of many of my video organized into topics suchs healthcare, regulations, taxation, etc.
Policy Recommendation: Steamlined Regulation
by Alex Merced
Problem: Regulations in many industries have reduced the dynamic nature of our economy to restructure as changes in culture and technology develop around the world. The severe economic environment like the United States is currently in is precisely the type of enviorment in which such a dynamicism is needed. Here are some example of the types of regulations that make our economy more static and less dynamic.
Licensing Requirements: While it should be encouraged for certifications and other voluntary qualifications to be attained by individuals to attain higher wages and be more competetive in the work force, mandatory licensing requirements have had the opposite effect of keeping less qualified candidates in industries (requirements usually keep people out, and those who get grandfathered in reap the benefit) and hurts the upward mobility of the poor the most who can't afford the training or the downtime to attain these licenses to begin switching careers from declining industries like construction.
Startup Regulations: Many regulations especially in industries like finance have very onerous regulations on individuals who'd like to create new firms in an industry, many of which create barriers that more established firms never had to deal with in their early days. This discourages the creation of new businesses, and sets the ones that are created for failure as more established firms with more economies of scale squeeze these new firms into bankruptcy being able to practice monopolist type pricing strategies cause of the lack competition.
These are just a couple of the examples of how we've destroyed what once was the most dynamic economy in the world. While it'd be hard to make the case to most people that there is no need for government regulations that it's possible to have a private market in regulation where for profit regulations will actually be more in line with that of the consumer.
Solution: Deregulation should be a goal, one that is done very carefully with a full appreciation of how usally one regulation is the response to the problems caused by another. Although, while deregulation will be a slow and delicate process (think of Jenga, if you pull the wrong block out first, the whole tower falls), we can strive for a goal I think both sides can get behind, simplify the regulations we got now so it's easier to enforce and comply. Surveying industries like Finance and Healthcare where government is most involved to see which regulations are the most difficult to enforce and comply with and seeing how they can be streamlined is the first step in bringing back some dynamicism to our economy in the places it needs it most.
also if you go to votemerced.com I've added a menu where you can see playlists of many of my video organized into topics suchs healthcare, regulations, taxation, etc.
Policy Recommendation: Steamlined Regulation
by Alex Merced
Problem: Regulations in many industries have reduced the dynamic nature of our economy to restructure as changes in culture and technology develop around the world. The severe economic environment like the United States is currently in is precisely the type of enviorment in which such a dynamicism is needed. Here are some example of the types of regulations that make our economy more static and less dynamic.
Licensing Requirements: While it should be encouraged for certifications and other voluntary qualifications to be attained by individuals to attain higher wages and be more competetive in the work force, mandatory licensing requirements have had the opposite effect of keeping less qualified candidates in industries (requirements usually keep people out, and those who get grandfathered in reap the benefit) and hurts the upward mobility of the poor the most who can't afford the training or the downtime to attain these licenses to begin switching careers from declining industries like construction.
Startup Regulations: Many regulations especially in industries like finance have very onerous regulations on individuals who'd like to create new firms in an industry, many of which create barriers that more established firms never had to deal with in their early days. This discourages the creation of new businesses, and sets the ones that are created for failure as more established firms with more economies of scale squeeze these new firms into bankruptcy being able to practice monopolist type pricing strategies cause of the lack competition.
These are just a couple of the examples of how we've destroyed what once was the most dynamic economy in the world. While it'd be hard to make the case to most people that there is no need for government regulations that it's possible to have a private market in regulation where for profit regulations will actually be more in line with that of the consumer.
Solution: Deregulation should be a goal, one that is done very carefully with a full appreciation of how usally one regulation is the response to the problems caused by another. Although, while deregulation will be a slow and delicate process (think of Jenga, if you pull the wrong block out first, the whole tower falls), we can strive for a goal I think both sides can get behind, simplify the regulations we got now so it's easier to enforce and comply. Surveying industries like Finance and Healthcare where government is most involved to see which regulations are the most difficult to enforce and comply with and seeing how they can be streamlined is the first step in bringing back some dynamicism to our economy in the places it needs it most.