If you actually believe this is true, I have some sad news for you. Does the term "regulatory capture" mean anything to you?
> those awful technocrats
If you actually believe the "technocrats" have the knowledge required to craft regulations that actually are a net benefit, again, I have some sad news for you.
There is another option, which is to not dictate rules at all, unless you absolutely have to in order to have a civil society in the first place. For example, we have laws against things like murder and theft and fraud, because you can't have a civil society if those things aren't deterred and punished.
But the vast majority of the laws and regulations we have in place now are not doing that. They're attempts to micromanage from the top something that fundamentally cannot be micromanaged from the top. Nobody has enough knowledge to do that. So we should stop doing it.
For example, allowing poisonous chemicals in your food supply or drinking water is insane. Unless you are OK with the free market sorting all that out (after your family dies horribly).
Nor is it what I advocated.
> Regulations are painful in that they obviously reduce economic productivity
That's usually true, but it's not the main problem. The main problem is that the regulations don't actually regulate, in the sense they need to. All they do is entrench the incumbent corporations that paid good money for them, by making it harder for competitors to enter their markets.
> allowing poisonous chemicals in your food supply or drinking water is insane.
Sure. And humans somehow managed to obtain food and water that didn't have those things for thousands of years, even though there were no government regulations prohibiting them. How do you suppose that happened?
> Unless you are OK with the free market sorting all that out (after your family dies horribly).
You're assuming that food and water providers would be able to do such things in a "free market". But doing such things is obviously bad for business, so providers would have a strong incentive not to do it in a free market, since in a free market, doing things that are bad for business makes you go out of business.
In our current regulatory environment, however, large corporations can do many things that are bad for business, as long as they can get government regulators to agree to let them. For an example from a few years ago, a major aicraft manufacturer got the FAA to approve a change to one of its oldest aircraft types that ended up killing two airplanes full of people. How? Because the FAA didn't even look at the change: the "regulation" had evolved to the point where the FAA just took the manufacturer's word for it that everything was OK.
In a free market, such an aircraft manufacturer would be out of business. But of course in our current regulatory environment that can't happen, because regulation has forced aircraft manufacturers to amalgamate to the point that neither of the two biggest ones can ever be allowed to go out of business--too many long chains of dominoes, including much of the US's military capability (and not just in airplanes), depend on them.
Tell me again how regulations make things better?
Even if you eliminated the immunity shield for corporate leadership so they couldn't skate after their company goes bankrupt, there would still be innumerable risk-takers willing to gamble with human lives to make more money.
> Sure. And humans somehow managed to obtain food and water that didn't have those things for thousands of years, even though there were no government regulations prohibiting them. How do you suppose that happened?
Ok, so you just don’t know history. Many people died. Fuck have you never even heard of the Jungle?
Upon Sinclair wasn’t even trying to get food regulations to improve the quality, he was trying to improve workers rights but the public was so disgusted with what food companies were doing to their food that we as a society demanded the government regulate it.
Or superfund sites?
Getting rid of government regulations in their entirety just cedes all the decision making power to corporations.
I am sick and tired of these libertarian types who either want to repeat experiments that have never succeeded in their utopian outcome or that want to convince us that the corporate boot tastes so much better than the government one.
Like for example the amount of water a toilet flush can has been federally regulated since the 90s. Sure, that might be important if you need to keep some schmucks in the desert from bickering over aquifer depletion and whatnot. But the majority of jurisdictions in the east "we take surface water and give it back to the same watershed" jurisdictions who can use all the water they want and only impact the required size of the hardware at the treatment plant. So why are we even regulating this? And any issue you look into there's a plethora of stuff like that. Theoretically it's all justifiable in abstract but that's like littering, it doesn't scale.
[1] via "states shall adopt in order to qualify for this grant" type rules which the states then roll downhill
Congress knew of that issue; for decades, Congress has delegated the nitty gritty to regulatory agencies, who employ said experts.
SCOTUS, on the other hand, are the idiots you seek. https://en.wikipedia.org/wiki/Loper_Bright_Enterprises_v._Ra...
But I'm not dumb enough to think you'll believe my words, you'll only learn by experience.