Reason 1: Justice … Effort is necessary but not
sufficient for success.
All
other things being equal, the person making the greatest effort will, over
time, have the greatest success. All other things, however, are not equal.
Society
has an interest in leveling the playing field and making sure that everyone
plays by the same rules. We all suffer, even the rich (eventually) if barriers
to entry cause ecconomic stagnation
Reason 2: Efficiency … Public frameworks make business
possible.
“Plug-and-play”
environments minimize barriers to entry
Reason 3: Safety
… It is A LOT easier to prevent a disaster than it is to clean up after one
Regulation
prevents those gambling on safety from gaining a cost advantage over more
responsible players
No comments:
Post a Comment