Friday, October 7, 2011

Who Will Regulate the Government?

Who Will Regulate the Government?: The United States has the largest government on Earth, measured in annual government expenditures. Our great wealth permits a hefty bulk of regulation, much like a bigger dog can have more fleas. But the spending and regulatory burden can no longer be tolerated. The quagmire of intricate rules and carefully tailored exceptions is making the United States an increasingly difficult and cumbersome place in which to do business, as corporations find themselves having to expend larger amounts of time, energy and money complying with numerous regulations, says Clyde Wayne Crews, vice president for policy and director of technology studies at the Competitive Enterprise Institute.

The U.S. government justifies these regulations as symbols of progress in the fight to rein in the natural excesses of free market capitalism. However, an enormous federal government that controls approximately a quarter of national income has equally excessive tendencies. This state of affairs begs the question, if it is the responsibility of government to maintain oversight and check excesses of corporations, who will regulate the government?

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