Tuesday, January 31, 2023
Hawai'i Free Press

Current Articles | Archives

Monday, December 26, 2011
Do More Regulations Equal Less Safety?
By NCPA @ 3:05 PM :: 4002 Views :: National News, Ethics

From NCPA

American business must comply with a lot of rules. One of the chief rationales for many regulations is safety, and, as Congress expands regulators' mandates, regulators concentrate on writing highly detailed and specific rules to cover perceived gaps in the law. For the sake of protecting the health and safety of workers and consumers, the federal government accepts the significant drag regulatory compliance puts on the U.S. economy and the burden it places on all businesses. Psychology, economics and organizational science, however, suggest that too many regulations may make society less safe, says the Mercatus Center.

  • Increased regulation often leads to reduced compliance, whereby businesses feel that they cannot possibly keep up with the number of rules and therefore give up all efforts entirely.
  • Heavy regulation also stifles safety innovation -- businesses spend so much energy and time attempting to abide by commanded rules that they do not create their own, firm-specific regulations that may be more needed.
  • Regulation also causes uncertainty as corporations are more hesitant to invest due to a lack of knowledge regarding the future regulatory landscape.

This first point of reduced compliance makes clear sense: businesses become so clouded with the number of rules by which they must comply that they often fail to adequately obey the most important ones. Minor rules that attempt to address small problems consume a disproportionate amount of time and often cause compliance failure in other areas. Furthermore, a plethora of minor regulations of minimal impact often cast a negative light on all regulations, even those of particular importance.

That regulation will reduce firm-specific safety standards is also a significant problem. Nationwide or even industry-wide regulations usually fail to take into account corporation idiosyncrasies. Thus, even if all regulations are obeyed, there remains significant room for improvement in safety. However, an exhaustive regulatory atmosphere often dampens efforts to create a more comprehensive system of rules.

Businesses hesitate to invest and make drastic changes in their production or line of work when they are uncertain about extraneous factors such as regulation. Managers often cite regulations as one of the greatest factors in their decisions not to hire, and this hesitation causes economic paralysis.

Source: "Do More Regulations Equal Less Safety?" Mercatus Center, December 2011.

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

808 Silent Majority

ACA Signups Hawaii

Alliance Defending Freedom

Aloha Pregnancy Care Center

American Council of Trustees and Alumni

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Astronomy Hawaii

Back da Blue Hawaii

Ballotpedia Hawaii

Better Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

ChinaTownWatch.com

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii Coalition Against Legalized Gambling

Hawaii ConCon Info

Hawaii Credit Union Watch

Hawaii Crop Improvement Association

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii Future Project

Hawaii Gathering of Eagles

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together

HIEC.Coop

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

July 4 in Hawaii

Kakaako Cares

Keep Hawaii's Heroes

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Malulani Foundation

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

MentalIllnessPolicy.org

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Christian Foundation Hawaii

National Parents Org Hawaii

NFIB Hawaii News

No GMO Means No Aloha

Not Dead Yet, Hawaii

NRA-ILA Hawaii

Oahu Alternative Transport

Obookiah

OHA Lies

Opt Out Today

OurFutureHawaii.com

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Pritchett Cartoons

Pro-GMO Hawaii

P.U.E.O.

RailRipoff.com

Rental by Owner Awareness Assn

ReRoute the Rail

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

Save Dillingham Airfield

School Choice in Hawaii

SenatorFong.com

Sink the Jones Act

Statehood for Guam

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

UCC Truths

US Tax Foundation Hawaii Info

VAREP Honolulu

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii

Yes2TMT