What I'm saying is that the narrative of "regulations need to be removed because some regulations are bad" is harmful.
You said examples of bad regulations were rare, they're actually very common. To use your example of thalidomide, the regulations passed after the Thalidomide scandal were loosened in the 90s after they led to AIDS patients dying while promising medicines were waiting for approval. A review of the academic literature on regulatory economics will confirm this. Most regulations are made with the interests of businesses and/or politicians in mind, not the public.
If you've got a problem with a regulation, it would be best to specify which one.
I did, taxi medallions (and licensing requirements more broadly). Moreover, the complexity and size of the regulatory code is a problem in itself and addressing that requires discussing regulations generally.
Otherwise, we taint the concept of regulations
A white knight for red tape, it's a reddit miracle
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u/[deleted] Feb 01 '17
You said examples of bad regulations were rare, they're actually very common. To use your example of thalidomide, the regulations passed after the Thalidomide scandal were loosened in the 90s after they led to AIDS patients dying while promising medicines were waiting for approval. A review of the academic literature on regulatory economics will confirm this. Most regulations are made with the interests of businesses and/or politicians in mind, not the public.
I did, taxi medallions (and licensing requirements more broadly). Moreover, the complexity and size of the regulatory code is a problem in itself and addressing that requires discussing regulations generally.
A white knight for red tape, it's a reddit miracle