And protectionism and government intervention gives us stagnation.
Hooker Chemical broke existing laws by burying dangerous chemical residue in the Love Canal area. They should've been punished -- severely -- but they weren't. Because the government looked the other way.
The situation was not corrected by the government passing punitive and unrealistic laws that punished the rest of the industry unduly -- for what they had not enforced initially.
Behind every abuse of law is a government that won't enforce the law (e.g., illegal aliens) or a government that propounds unrealistic (or contradictory)laws.
I.e., there's nothing wrong with "unbridled" capitalism -- so long as realistic laws are enforced.
Most often, every unpunished abuse of the law is related to corrupt government officials taking payoffs not to enforce the law.
If laws were broken the ends were the same as no regulation.
It was over reaching of barrens that necessitated unions. When an auto worker at Ford severed his thumb at work he was fired on the spot early last century. This would not have changed without unions no matter what anyone may say.It did not for at least hundreds of years.
It is no wonder people cling to the “safety” of their unions. . It is also no wonder people flock to government employment.
Do not misunderstand...UNIONS SUCK! Also it is mostly environmental laws that causes business to relocate outside the U.S., but greed is also in play.