What I've never understood: What is the difference between common laws and regulations? To my mind nothing, except the fact that libertarians love the former.
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oh sure I can talk about that um! difference in a technical sense or in a practical sense?
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I know that both come from different branches of government but one praised to high heaven and the other is often shit on. Practically they seem to operate similarly.
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um law + econ take: common law mostly deals with resolution of contracts and torts, and ends up being reasonably efficient because parties can plan their contracts and behaviors around common law conventions a la Coase (or something approximating it)
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black letter and bureaucratic regulations tend to restrict the set of behaviors that private actors can pursue; sometimes this ends up improving production and allocation efficiency (via externality management), but it will also impose heavy deadweight loss when badly designed
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lmfao no I've met biotech researchers that are pro-FDA you're wronger than you've been in a month
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A common libertarian theme is that a portion of regulation exists to protect incumbents, and they lobby for it. :-)
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Yeah in this case the point of regulations is to crush potential competition, there's no problem here my good Fox
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there would be no problem if I meant a lobby or the CEO or a big biotech business and not a nobody tier researcher! call it slave morality or whatever but some people want regulations for ingroup or self
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Hmm regulations that give / affirm status maybe?
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the closest thing would be the (sometimes, not all the pro-regulations for me and ingroup cases I've seen) 'regulations guarantee to everyone else we are not snakeoil salesmen coz we didn't get stopped by regulations' (>implying)
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For net neutrality, some of them came out and said 'we don't want to pull this crap, but it's profitable so we kind of have to unless you outlaw it'.
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only if its no holds barred
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the word regulation is just hazy bureaucracyspeak for rule which is why it's so often employed to make particular rules sound abstract and gay
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i dunno man i think even causality itself is too much regulation
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i'm against regulations in general and for them specifically i'm against "regulating" the financial industry so crony capitalists can erect barriers to entry via bloated and obfuscatory cruft i'm for forcing restaurants to store all food at least a foot above the ground
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Not all libertarians are minarchists.
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<quote> people just want regulations of outgroup institutions </quote> Yes, but that doesn't undermine their arguments if they're based on universalist morality. Slavers are outgroup because of (presumably well-reasoned) moral objections to slavery, not the other way around.
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And one can distinguish policies by how much violence they require, even if there's an unavoidable minimum level of violence.
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