Thursday, March 24, 2011

Regulation vs policing

It seems that "regulation" of industry and "policing" of industry are conflated in many people's minds, and indeed in the nomenclature of our government bureaucracies. However, I think there's an important distinction to be made between them: the former involves government planning of resource allocation, the latter involves government detection an punishment of crimes and wrongdoings. The former is hopelessly counterproductive while the latter is indispensable, so it's probably not good for our public discourse that we refer to both as "regulation."


1 comment:

Paul Murphy said...

Too often regulation is passed with absolutely no CREDIBLE consideration to policing. Imagine tasking the IRS to police folks for health care enrollment. Lets also remember we went a long time before it was mandatory to get a social security number. Somehow on the eve of its collapse on the dawn of his successor it is now mandatory.