© The Rooster Crows February 25 2023
According to Brittanica “regulation, in government, a rule or mechanism that limits, steers, or otherwise controls social behaviour.” Regulation is used to prevent or enhance business deals that prohibit the free market from determining who succeeds and who fails through discreet deals made with both Congress and authorities in control of Regulatory Agencies.
Congress passes many laws that have been written by the industry most interested in its passage for profit reasons. Once the law has been “lobbied” enough by industry, its passed and then sent to the appropriate Presidential Agency to be used in forming Regulations against their competitors.
Regulations are enforced under law drawn up by Congress. Congress does not approve regulations but there is always a 30 day comment period for citizens to voice their concerns.
The regulatory agencies are used to tax citizens indirectly and spend enormous amounts of money to prevent certain companies from succeeding and to help others that contribute campaign dollars.
Regulatory agencies, also known as the Presidents cabinet , are under the President’s control and have recently become tools used by the President and others in attempts to bypass Congress to create law. Agencies include regulators such as Department of the Treasury, Department of Transportation, and Department of Health and Human Services. Regulatory agencies are also lobbied by Corporations, not just Congress.
These regulatory economic scenarios to benefit certain companies can becoming very complicated. Simplifying the issue shows the true smell of a regulation.
A simple example: A coal stove company called Coal decides they aren’t selling enough stoves. They lobby for a law to be passed through Congress that allows Regulators to enact limits on the amount of gas that may be used on home stoves, an excessive tax for those who continue to use, and forces manufactures to only produce Coal stoves, not gas, to protect the environment. This very small regulation, among thousands filed every year, would put most gas stove manufacturers out of business and pads the Coal profit margin with a huge windfall. The process repeats starting with campaign contributions.
Regulations are Corporate Welfare.
Rooster Crows 