Deregulation Reduces Racial Discrimination
This article in The Economist connects regulation with (the opportunity) to discriminate in hiring and compensation through the reduction in competition that inevitably attends regulation even where reduction of competition is not the hidden purpose of the regulation.
The academic study (linked to from the article) referred to in the article sounds conclusive to me as these things go, but I am predisposed to accept its findings in any case, partly because what I observe accords with them. The comments to the article (except for mine) seem to come from people who are opposed to both discrimination and to deregulation.
Good luck to them! As the article points out, we in America have got a lot more regulation coming our way. Ironically from a president who is a member of a historically discriminated-against group.
Comments (4)
How so, that if you were historically discriminated against the nation should expect more regulations? Sounds like this is a fear of the ones who were not historically discriminated against rather than an accurate assessment.
Since the nation has never had an African-American President, it will be more sound to refrain from drivel speculations. The discriminated-against group historically enlightened the discriminators and broken regulatory unjust laws in which they wish upon no one.
Published: November 16, 2008 6:16 PM
"How so, that if you were historically discriminated against the nation should expect more regulations? "
Potts isn't suggesting that at all. It's not an if -> then argument, it's a widespread expectation.
"The discriminated-against group historically enlightened the discriminators and broken regulatory unjust laws in which they wish upon no one."
That's why he said it's ironic that the regulations are coming from an individual from an historically discriminated against group. Irony: "a state of affairs or an event that seems deliberately contrary to what one expects"
Published: November 16, 2008 7:22 PM
'Deregulation' is like seeing through colored glass partially, it is like being content with partial understanding or vision.
What is so alarming to say 'free market' unless it is way too earthshaking to the ones in control who will no longer be the ones ordaining the degree of regulation?
In a classical liberalism society the ignorance of prejudices of any and all kinds will significantly affect the degree of prosperity of those who are bigots.
It is that simple and there is no need for a discussion of 'regulation/deregulation' which means the ego-driven interpreters and the ego-driven interventionists will be purged from the ever-advancing civilization.
Attrition will eventually end the injustices of prejudices. Meanwhile knowledge of the subjective nature of economics and the desire for liberty and justice will scornfully chase away the oppressive ego-driven.
Published: November 16, 2008 7:57 PM
Historically, it was removing regulations that allowed a business to be racist that reduced racism to some extent. It has been the introduction of new regulation that is re-introducing it. Years ago, I could choose to hire only whites and not fear that my business would fail because someone else hired the best labor available. Now, I can blame 'fair' hiring practices for my failure instead of my own incompetence.
Published: November 17, 2008 1:04 PM