Don't retreat on deregulation (article from 1990)

[Solly Mack]

A blast from the past -



Government regulation, one of the most efficient disincentives to economic growth, peaked in the anti-business climate of the 1970s and faded in the pro-enterprise environment of the '80s. But it looms again as a major threat to U.S. competitiveness.

The indirect costs of regulation include diminished productivity growth, slowed technological innovation, and harmed international competitiveness, the authors said in their 1990 study.

According to Hanke and Walters, more than 30 percent of the decline in the growth in manufacturing productivity during the 1970s could be attributed to the Environmental Protection Agency and the Occupational Safety and Health Administration.

The pharmaceutical industry provides a good example of the negative effects of regulation. Between 1950 and 1962, the Food and Drug Administration approved an average of 46 new drugs a year. From 1962 to 1975, following the 1962 amendments to the Food, Drug, and Cosmetic Act, the average number of new drugs approved dropped to 16 annually.


(Don't retreat on deregulation - A Business Agenda for the 90's - Cover Story)


Was looking for other things and found this - thought I'd share. It was during the first Bush.

[bluestateguy]

1. Reg baby Reg!

nt

[Solly Mack]

6. A walk down memory lane....bad memory lane

that hasn't really gone away enough to be a memory

[leftstreet]

2. "COPYRIGHT 1990 U.S. Chamber of Commerce"

:puke:

That article is just chock full of propaganda.

"freeing business from excessive regulatory controls"

"regulatory-relief policies"

"impose new regulatory burdens on business"

OMG I just feeeeeel so sorry for teh bidnesses!
:cry:

[Solly Mack]

4. That's why I posted it. Amazing isn't it?

[leftstreet]

8. Unbelievable! n/t

[Fearless]

3. Not to self-promote... But see my link below...

http://unwilling-dystopia.blogspot.com/2008/09/reagan-and-fruit-his-policies-now-bear.html

[Solly Mack]

5. It's OK to self-promote :)

Thanks for doing so! :)

[Fearless]

10. I figured I'd give fair warning...

There's always one in the group you know. :rofl:

[Kaleko]

7. Ah yes. That experiment went really

well. :eyes: And no one, not a soul could have foreseen where it would lead.

[Solly Mack]

11. LOL! Exactly!!

[Lasher]

9. That was Poppy and his crowd singing the praises of Saint Ronnie, as always.

Predicting doom if that evil Clinton ever got ahold of the presidency. Yessir, business will self regulate. That's the ticket.

[Solly Mack]

12. Yep!!!

Worried they were...

[Lasher]

13. Isn't it a shame what happened to the economy when Clinton raised taxes on the top earners?

Just the opposite of what happened when Junior lowered top marginal rates. So much for that 30 year trickle-down laissez-faire experiment, you would think.

[Solly Mack]

14. When I found the article and started reading it - those years came rushing back

Reagan/Bush, Bush/Quayle :(