Regulation prevents oil spills? Regulation prevents big bank misdeeds? Regulation of food keeps us from getting tainted food that never needs to be recalled?
Uhhh... yes, yes, and fuck yes.
Talk about epic logic fail. You look at a bunch of incidents, and conclude that *all* government regulation has failed. But it doesn't occur to you that far *worse* would've happened if regulation wasn't in place.
Hell, one need only look at the US before and after the Clean Air Act. Last I checked, I haven't seen any fucking rivers bursting into flames. Have you?
What industry has been regulated and competition increased? Name an industry that you have problems with that isn't regulated. Why is it the industries that people continuously complain about are the one's that are the most regulated? Is that just a coincidence?
1. ISPs are a great example. Here in Canada, there are a number of DSL providers that wouldn't exist if regulations weren't in place to force the local telco to lease out their lines.
2. Dumbass, the industries that aren't regulated are the ones that *don't need regulation in the first place*.
3. This is the converse of 2. Industries that *are* regulated are the most likely to try and work around those regulations in order to stifle competition or take advantage of consumers.
But, relative to the squalor and frequent starvation of a completely agrarian society, they were much better off.
And therefore everything was hunky fucking dory?
No.
They were relatively better off, yes. But they were still buying patent medicines that didn't work, suffering in unsafe workplaces, and generally being fucked by businesses.
Of course, that doesn't stop the populist revisionism from claiming that a handful improved their lot at the expense of others.
Uh, who claimed that?
The simple fact is that a few got rich, everyone else got a little better off, and the serfs still got gangraped by the robber barons. They just got to work in a factory while it was happening, instead of subsisting on a farm. Government regulation combined with organized labour allowed the serfs to fight back.