Inside the thought processes of Howard Dean:

In an interview around midnight Monday on his campaign plane with a small group of reporters, Dean listed likely targets for what he dubbed as his “re-regulation” campaign: utilities, large media companies and any business that offers stock options. Dean did not rule out “re-regulating” the telecommunications industry, too…”In order to make capitalism work for ordinary human beings, you have to have regulation,” Dean said.

…Voters are clearly hungry for government efforts to force better corporate behavior, especially with scandals hitting such industries as mutual funds and accounting, pollsters say. At the same time, they are unlikely to accept price spikes Republicans and some Democrats warn could accompany some new regulations.

Unfortunately many of the new regulations punish and regulate innocent businessmen, rather than specifically punishing those who violate the rights of others. For another view see Bush’s Regulatory Crackdown on Business Has Harmed the Economy, Paralyzing America’s Producers: The Government’s Crackdown on American Businessmen Is Devastating Our Economy, and Unlimited Liability.

…”California is proving it does not work,” he said. “I think the reason the grid failed is because of utility deregulation.” [Washington Post, Nov 18, 2003]

For the real resons why California power did not work see New State Regulations During “Deregulation” are the Cause of California’s Energy Crisis.

Voice of Capitalism

Capitalism news delivered every Monday to your email inbox.

You have Successfully Subscribed!

Pin It on Pinterest