Free markets for me but not for thee

by on October 3, 2006 · 4 comments

From Cafe Hayek. Funny.

  • Brian Moore

    This is why de-regulating specific industries is so unsuccessful. It’s distributed benefit vs concentrated pain. Society as a whole has only a small (individual) motivation to de-regulate an industry, while those in it have a very large incentive, and so they make lots of noise (and campaign donations).

    The best way (short of dictatorial control) is to find the situations where a small group of people is directly harmed by the regulation/subsidies (say, the alternative competitors of an industry) and organize them against it.

  • Brian Moore

    This is why de-regulating specific industries is so unsuccessful. It’s distributed benefit vs concentrated pain. Society as a whole has only a small (individual) motivation to de-regulate an industry, while those in it have a very large incentive, and so they make lots of noise (and campaign donations).

    The best way (short of dictatorial control) is to find the situations where a small group of people is directly harmed by the regulation/subsidies (say, the alternative competitors of an industry) and organize them against it.

  • Doug Lay

    My favorite example of this phenomenon is the DMCA anti-circumvention provision, written, bought and paid for by Big Content, and defended by their apologists in “free market” think tanks.

  • Doug Lay

    My favorite example of this phenomenon is the DMCA anti-circumvention provision, written, bought and paid for by Big Content, and defended by their apologists in “free market” think tanks.

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