If we achieved a stateless society, then no regulation would exist within our society. However, other societies that we trade with would still have a state and still have regulations.
If you apply one regulation to an industry, then you will generally need to counter certain ill-effects somewhere else. Therefore, if foreign investors are regulated in a certain way, then could the lack of counter regulations somehow negatively affect us if they invest in our industries?
That is, if a specific regulation causes foreign investors to be able to make a stupid move without sacrificing their self interest, could that stupid move affect us negatively if they invest in our industries?
I know that this question is somewhat ambiguous; but, I did not really know how to explain it well. I hope that someone gets my point.
Anyone?
I. Ryan:If you apply one regulation to an industry, then you will generally need to counter certain ill-effects somewhere else.
what general rule are you referring to? if you write more on this sentance you might answer your questions yourself. i have faith in you !
Where there is no property there is no justice; a proposition as certain as any demonstration in Euclid
Fools! not to see that what they madly desire would be a calamity to them as no hands but their own could bring
Second, in a stateless society, insuring risks which can be quantified as probabilities will be really no different than how it's done today. If your manufacturing plant has the probability of producing waste products hazardous to waterways, you will insure against it, and even to keep your insurance costs down you will find ways to remove the hazardous waste in methods unlike those done before. Markets in this case due to insurable risks incentivize producers to avoid the costs of insurance by either avoiding the process altogether, or finding an alternative method (as supposed in the previous sentence).
"The power of liberty going forward is in decentralization. Not in leaders, but in decentralized activism. In a market process." -- liberty student
I. Ryan:If we achieved a stateless society, then no regulation would exist within our society. However, other societies that we trade with would still have a state and still have regulations.
earthmoving
Ludwig von Mises Institute | 518 West Magnolia Avenue | Auburn, Alabama 36832-4528
Phone: 334.321.2100 · Fax: 334.321.2119
contact@Mises.org | webmaster | AOL-IM MainMises
Mises.org sitemap