Who else thinks that we are over-regulated.

Do you think South Africa's economy would do better if less regulated?

  • Yes

    Votes: 31 73.8%

  • No

    Votes: 5 11.9%

  • Maybe

    Votes: 6 14.3%
  • Total voters
    42
F

Freeusnow

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I cannot help but think that if we were less regulated the economy would take off, unemployment would drop and there will be prosperity for all. Sounds Utopian, but I think lawmakers should should limit their involvement to managing the essential services,being careful not to make laws that take the responsibility away from the individual. Like wearing seat belts. Let the insurance companies manage that one eg the policy (medical aid and comprehensive ) is nulled if you are injured and were not wearing your belt. There should also be camara's at every traffic light. A review of the film footage will easily establish who was at fault and he/she who screwed up must pay for all damage.

My other gripe is the formation of the Professional Council's that one needs to be a member of in order to do what you have chosen to. Very "1984" Institutions like CIPRO, SETA, NHBRC, Council for the Built Enviroment and etc are just parasites that feed off business.

Comments please.
 
In some sectors yes, but in others probably not.
Where safety are concerned there should be regulations (and enforced).
In ICT, the less there are, the better it would probably get.
 
Freeusnow said:
Sounds Utopian, but I think lawmakers should should limit their involvement to managing the essential services,being careful not to make laws that take the responsibility away from the individual.
Click to expand...

Unfortunately government, policy makers and lawmakers are not about the individual , but about the collective, the more they can regulate the individual, the better for the collective.
Individuality is detrimental to the collective, and signifies lack of control on the governments behalf, therefore the more they control individuals, the greater control on the whole of society.
 
Unfortunately industries and professionals repeatedly prove their inability to act responsibly unless they are monitored and regulated.
 
Actually the financial crises was caused either by a lack of ethics and integrity, or by sheer stupidity by the senior management of the companies. EG the way the powers that be calculate the rate of inflation. A few years ago we were told that inflation is less than 5% but oil and the consequent knock on increases across the board told me otherwise... But the accounting principles can and were manipulated to prove whatever the powers wanted us to hear.
http://www.youtube.com/watch?v=zPkTItOXuN0&feature=related

The fact is that ethics and integrity get pushed aside when it is expedient.
 
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Actually the financial crises was caused either by a lack of ethics and integrity, or by sheer stupidity by the senior management of the companies. EG the way the powers that be calculate the rate of inflation. A few years ago we were told that inflation is less than 5% but oil and the consequent knock on increases across the board told me otherwise... But the accounting principles can and were manipulated to prove whatever the powers wanted us to hear.
http://www.youtube.com/watch?v=zPkTItOXuN0&feature=related

The fact is that ethics and integrity get pushed aside when it is expedient.
 
Nanfeishen said:
Unfortunately government, policy makers and lawmakers are not about the individual , but about the collective, the more they can regulate the individual, the better for the collective.
Individuality is detrimental to the collective, and signifies lack of control on the governments behalf, therefore the more they control individuals, the greater control on the whole of society.
Click to expand...

Something else to comfort you about ‘collectives’. Many of the command structures of the Khmer Rouge are the same as SA. There is no accountability.

When the Khmer Rouge nightmare was over, attempts were made to prosecute the worst butchers. This was difficult. Accountability eventually disappeared into the hazy mists of the ‘collective’. You cannot prosecute a ‘collective’. I doubt whether successful prosecutions exceeded double figures. And the Khmer Rouge killed millions. Does this accountability trail sound familiar? SA and the Khmer Rouge are both left leaning. Unless someone can be prosecuted as a criminal and an individual, accountability becomes a casualty.

A little ray of sunshine to brighten your day.
 
Palimino said:
Something else to comfort you about ‘collectives’. Many of the command structures of the Khmer Rouge are the same as SA. There is no accountability.

When the Khmer Rouge nightmare was over, attempts were made to prosecute the worst butchers. This was difficult. Accountability eventually disappeared into the hazy mists of the ‘collective’. You cannot prosecute a ‘collective’. I doubt whether successful prosecutions exceeded double figures. And the Khmer Rouge killed millions. Does this accountability trail sound familiar? SA and the Khmer Rouge are both left leaning. Unless someone can be prosecuted as a criminal and an individual, accountability becomes a casualty.

A little ray of sunshine to brighten your day.
Click to expand...

You are preaching to the converted my friend

I learnt a long time ago that Governments are nothing more than evil personified, and that Demons truly walk this earth in the guise of politicians.
 
Unfortunately industries and professionals repeatedly prove their inability to act responsibly unless they are monitored and regulated.
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Of course... No one naturally wants to make money. Banks just love it when they give loans to people who can't pay them back.

The US Federal Reserve and the European central banks keep the interest rate artificially low over there, because a very low interest rate benefits the economy's greatest borrower of them all - the government, and its rampant public spending.

Unfortunately, an artificially low interest rate creates artificially easy credit which in turn caused a bubble in the housing market which burst in the face of rising inflation. Hence the sub-prime mortgage crisis, hence the crisis in general.

You can tell the interest rate is too low overseas, because the price of commodities which act as a hedge against inflation - gold, siler etc - is rising to unprecedented levels.
 
Freeusnow said:
Actually the financial crises was caused either by a lack of ethics and integrity, or by sheer stupidity by the senior management of the companies.
Click to expand...

EXACTLY why we need more regulation, not less.

Plus, when you have more regulation, there's more paperwork to be done. And bureaucracies are very big employers of the semi-skilled. ;-)
 
The thing is that SME's do not have the infrastructure nor the resources of corporations. It is extremely costly to employ lawyers and accountants and labour law consultants and the like. But the authorities view all business through the same lens. Therefore SME's have to submit to regulations like the corporations, but the admin responsibility falls on the shoulder of the single entrepreneur, along with every other aspect of running his business whereas the admin responsibility in a corporation is shared by the staff on the 7th floor.

general_Koffie.. I hope that was sarcasm "Of course... No one naturally wants to make money. Banks just love it when they give loans to people who can't pay them back." I cannot think of one enterprise that has ever been started just for the fun of it. Getting into business is risky business and every entrepreneur - corporate or otherwise - wants to make money. The banks in fact make so much profit that they have not a clue what to do with it.. Hence they spend it on branding, corporate image, advertising and sport sponsors, all of which chow money at a horrific rate. I would rather they reduced my bank fees.

Why do you think the malls go through extensive upgrades and revamps every 5 years? Obviously to create debt in the form of a loan that reflects as a liability on the financial statement. They do this in order to reduce their profits, half of which would otherwise have to paid over to SARS.
 
Freeusnow said:
Why do you think the malls go through extensive upgrades and revamps every 5 years? Obviously to create debt in the form of a loan that reflects as a liability on the financial statement. They do this in order to reduce their profits, half of which would otherwise have to paid over to SARS.
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Keeping money in circulation. Jolly good.
 
Regulate the politicians.

There is only one more law we need: (a) ban professional politicians from holding office, and (b) only people who've paid more than R1m in tax can stand for public office.
 
Much like how the far left doesn't work, the far right doesn't work either. We are human so there will be mistakes and misjudgments, so I believe we should maintain regulation, to minimise such mistakes.
 
Arthur said:
Regulate the politicians.

There is only one more law we need: (a) ban professional politicians from holding office, and (b) only people who've paid more than R1m in tax can stand for public office.
Click to expand...

Thats cutting off your foot becasue you have an infection on your toe
 
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