Neither is it always the case that a child who does NOT
achieve good marks in school is going to be unsuccessful in
Is your drinking water safe, just because the government
says it is? Is the internet going to magically become safer
for your children if the government approves regulations on
I would caution any parent against believing this would be
the case. Nothing should take the place of your own common
sense and due diligence.
These principles explain why the free market works so much
better than a centrally planned economy.
With central planning, everything shifts from one’s own
judgment about safety, wisdom and relative benefits of a
behavior, to the discretion of government bureaucrats.
The question then becomes “what can I get away with,” and
there will always be advantages for those who can afford
lawyers to find the loopholes.
The result then is that bad behavior, that would quickly
fail under the free market, is propped up, protected and
perpetuated, and sometimes good behavior is actually
Regulation can actually benefit big business and corporate
greed, while simultaneously killing small businesses that
are the backbone of our now faltering economy.
This is why I get so upset every time someone claims
regulation can resolve the crisis that we are in.
Rather, it will only exacerbate it.