Regulation Quotes - page 5
No regulation of commerce can increase the quantity of industry in any society beyond what its capital can maintain. It can only divert a part of it into a direction into which it might not otherwise have gone; and it is by no means certain that this artificial direction is likely to be more advantageous to the society than that into which it would have gone of its own accord. Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of the society, which he has in his view. But the study of his own advantage naturally, or rather necessarily leads him to prefer that employment which is most advantageous to the society.
Adam Smith
Left to its own devices the market is capable of the most miraculous of inventions and the silliest of self-delusions. It is an extreme romantic. It also has a real purpose - the same one it has always had. That is to organize the supply and exchange of goods or to finance the production of goods - thus facilitating and financing the economy. But the market cannot achieve in a regular and lasting manner its own purpose because it is only an unconscious and abstract mechanism. The factor which must be added in order to create the restraint, balance, and consciousness necessary for long-term prosperity is human leadership. That leadership takes the form of effective regulation.
John Ralston Saul
There are governments who are regulating things in different ways and those forms of regulation often don't square up. So you have a real legislative mess, in the meanwhile various bad people are developing all sorts of tools to exploit the Internet for their own gain and the militaries are beginning to develop some extremely frightening offensive capabilities in cyber. Yet all of this is taking place outside of any international agreement or even framework.
Misha Glenny
Two main alternative views of the regulation of industry are widely held. The first is that regulation is instituted primarily for the protection and benefit of the public at large or some large subclass of the public. In this view, the regulations which injure the public -as when the oil import quotas increase the cost of petroleum products to America by $5 billion or more a year- are costs of some social goal (here, national defense) or, occasionally, perversions of the regulatory philosophy. the second view is essentially that the political process defies rational explanation: "politics" is an imponderable, a constantly and unpredictably shifting mixture of forces of the most diverse nature, comprehending acts of great moral virtue (the emancipation of slaves) and of the most vulgar venality.
George Stigler
It was in the 1960s that I began the detailed study of public regulation. My interests were aroused, and my faith in the cliches of the subject destroyed, as so often with other subjects, by the discussions with my friend, Aaron Director. This wonderful man is that rarest of scholars: a clear-headed, imaginative, erudite man who enjoys the task of constructing luminous and original theories but does not even write them down!
George Stigler
I have talked to Barack Obama about Star Wars recently, in the Oval Office, and he is definitely a fan. Article 2, Section 1 of the Constitution creates executive privilege, and as for government regulation and information policy, so too for Star Wars, I will not disclose discussions in private with the President of the United States.
Cass Sunstein
Protocols:
Number 1, paras. 11,12,13,14
The political has nothing in common with the moral.
The word "right is an abstract thought and proved by nothing.
Where does right begin? Where does it end?
In any State in which there is a bad organization of authority, an impersonality of laws and of the rights over multiplying out of liberalism, I find a new right to attack by the right of the strong, and to scatter to the winds all existing forces of order and regulation, to reconstruct all institutions and to become sovereign lord of those who have left to us the rights of their power by laying them down voluntarily in their liberalism.
Will Eisner
She called three gods to father his sons. Dharma, or Yudhisthira, was born of god Yama, also called [[Dharma, the god of death and regulation. A year later the second son Bhima was born of the wind god. He was a giant in stature and powers. The next year, the third son Arjuna was born of Indra, the king of gods. These three sons are called Kaunteya (sons of Kunti) in the Mahabharata. Kunti's co-wife Madri begged Pandu to ask Kunti to give her a mantra too. Kunti did so. Madri called the twin gods Ashvini and gave birth to twins called Nakula and Sahadeva. They were called Madreya, sons of Madri. All the five children were collectively called Pandavas, the sons of Pandu.
Kunti
The rise of the modern corporation has brought a concentration of economic power which can compete on equal terms with the modern state - economic power versus political power, each strong in its own field. The state seeks in some aspects to regulate the corporation, while the corporation, steadily becoming more powerful, makes every effort to avoid such regulation... The future may see the economic organism, now typified by the corporation, not only on an equal plane with the state, but possibly even superseding it as the dominant form of social organization. The law of corporations, accordingly, might well be considered as a potential constitutional law for the new economic state, while business practice is increasingly assuming the aspect of economic statesmanship.
Adolf A. Berle
First let us ask whether our wealth-creating agencies, particular that of industry, are to be based upon private enterprise of policy management. I can not see how any intelligent observer can have any possible faith in the capacity of political management to provide either stability or progress if it should set out to operate the agencies of wealth creation, particularly industry. It is my firm conviction that any form of 'Government Regulation of Business' is bound to result in an ever-increasing interference with the broad exercise of initiative - the very foundation of the American system. That is the natural evolution of bureaucracy. If that be so, might not the ultimate logical result be the necessity for the socialization of industry through the break down of the profit system induced by the accumulative effect of the ever-increasing political management. We do not need to go far afield to see definite evidences of that possibility.
Alfred P. Sloan
Its importance is that if R[egulator] is fixed in its channel capacity, the law places an absolute limit to the amount of regulation (or control) that can be achieved by R, no matter how R is re-arranged internally, or how great the opportunity in T. Thus the ecologist, if his capacity as a channel is unchangeable, may be able at best only to achieve a fraction of what he would like to do. This fraction may be disposed in various ways -he may decide to control outbreaks rather than extensions, or virus infections rather than bacillary - but the quantity of control that he can exert is still bounded. So too the economist may have to decide to what aspect he shall devote his powers, and the psychotherapist may have to decide what symptoms shall be neglected and what controlled.
W. Ross Ashby
Duration of selection. At this point a word should be said about how long a given act of selection may take, for when actual cases are examined, the time taken may, at first estimate, seem too long for any practical achievement. The question becomes specially important when the regulator is to be developed for regulation of a very large system. Approximate calculation of the amount of selection likely to be necessary may suggest that it will take a time far surpassing the cosmological; and one may jump to the conclusion that the time taken in actually achieving the selection would have to be equally long. This is far from being the case, however.
W. Ross Ashby
Cybernetics was defined by Wiener as "the science of control and communication, in the animal and the machine” - in a word, as the art of steermanship, and it is to this aspect that the book will be addressed. Co-ordination, regulation and control will be its themes, for these are of the greatest biological and practical interest.
We must, therefore, make a study of mechanism; but some introduction is advisable, for cybernetics treats the subject from a new, and therefore unusual, angle... The new point of view should be clearly understood, for any unconscious vacillation between the old and the new is apt to lead to confusion.
W. Ross Ashby
