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“Regulations are a burden on business” says Rick Perry

government regulation

Rick Perry says, “Come to Texas where your business won’t be burdened with regulations!” Unfortunately, this graph isn’t cooperating very well with his slogan.

 

There isn’t too much else to say about this graph, except maybe to point out this:

When Rand Paul says, “We don’t need regulations, just let market forces decide who wins and loses….”

The “market forces” that he is talking about include things like this.

That’s what “let market forces decide” means: the “force” that prevents sloppy businesses from succeeding sometimes include violent explosions.

So there you have it: This is capitalism at work. And we all love capitalism. Therefore, you can’t be mad about this explosion that killed 14 people.  Because that would mean you hate America. Q.E.D.

 

NOTE: Exact values are not shown in the above graph, but the magnitudes of the bars are estimated based on estimated damages and insurance claims made during comparable tragedies.

 
4 Comments  comments 

4 Responses

  1. Note that the lack of regulation saves the business money, but the costs of de-regulation are borne by the taxpayer.

  2. Dman

    So sayeth the governor of West Mississippi.

  3. Ed Chainey

    Mr. Perry rails against “Nanny state’ regulations, but it is the lack of enforcing those regulations that has put Nanny into the intensive care ward – at great expense to us little people – instead of the peaceful retirement village.

    Internalize the profits and externalize the costs – that’s the way of conducting American business, for businesses who are just concerned with the bottom line. The problem is congress and most state representatives are more beholden to special interests than the interests of all of their constituents.

    The real or “true” costs of NOT enforcing regulations are evidenced in the graph. The solution is to take money out of politics.

  4. […] much does this freedom cost? When a fertilizer plan explodes because it didn’t heed national safety regulations, it kills 14 people, injures 75, and […]

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