• 00:00    |    
    Initial credits
  • 00:06    |    
  • 00:55    |    
    Definition and establishment of regulation
  • 02:14    |    
    Alternative of state regulation by voluntary agreements
  • 03:20    |    
    Ontology of government regulations and its growing influence on politics
  • 04:03    |    
    Rent-seeking activity as the main effect of growing state regulation
  • 04:33    |    
    Fallacy of market failure as the main booster for the demand of state regulations
  • 05:24    |    
    Notion of perfect government
  • Quotes Alfred Marshall
  • 06:20    |    
    Are the desirable goals better attained by state regulation or through voluntary action?
    • Cost of government function and the invisible cost of regulation
    • Justification of costs and benefits of over-regulation: Interests behind the regulations
    • Regulation as a hidden tax and a reduction of competitiveness
    • Definition of gold-plating
    • Interest groups of regulation: Concentrated benefits and dispersed costs
  • 16:44    |    
    Consequences of regulations
    • Regulatory bodies tend to expand
    • Examples of the effects of regulation
    • Suppression of competition
    • Lobbying of regulator bodies
    • Popularity of politicians with regulations
    • Invisible cost of regulation
  • 24:44    |    
    Regulation and the public interest
    • Hampering of innovation by strict rules
    • Government regulation and its elusive benefits
    • State action as responsible for the failure in consumer demands and the creation of monopolies
    • Tax avoidance and evasion
    • An example of waste of resources by excessive restrictions
  • 29:25    |    
    Regulation without the state
    • Quotes n John Blundell, Colin Robinson
    • Alternatives of state regulation by supply and demand
    • Possibility of reducing regulations by cutting down its incentives
    • Process of natural emerging and voluntary regulation in two parts
    • Examples of voluntary regulations
    • Natural market response to the demand of consumer information of products
    • Consumer's Association in the United Kingdom
    • Private certification and its examples
    • Effects of regulations in accidents
    • Portman Group as another example of private regulation in the United Kingdom
    • Decline of fatalities by private regulations against state approaches
    • Responsiveness of markets compared to state agencies in the demand for regulations
  • 47:16    |    
    Steps for encouraging private regulation
    • Imposing on government regulations the duty to promote competition
    • Transferring monetary and compliance procedures to the private sector
    • Allowing private companies to set standards
    • Making compliance with privately set standards be voluntary
  • 49:25    |    
    A reflection regarding health safety and labor
  • 50:17    |    
    Question and answer period
    • Why is China growing economically ahead of the United States? What are the causes of off-shoring jobs to China?
    • What is the concept of political lobbying?
    • What was Margaret Thatcher's biggest economic challenge when she was Prime Minister of the United Kingdom?
    • What is your explanation of deregulation? What can be done to promote more episodes of deregulation?
    • Do you consider yourself an anarchist? What are your reflections about the classical libertarian ideas?
    • Would you argue that a proper government would provide a basic legal system? Is private regulation an anarchist perspective of government?
  • 01:09:58    |    
    Final words
  • 01:10:08    |    
    Final credits

Regulation without the State

New Media  | 06 de noviembre de 2012  | Vistas: 15

John Blundell talks about the ideal of regulation without the state, as in many countries the burden of excessive rules and regulations is increasing. He provides a definition of regulation as the attempts by governments to make rules for others; then, he analyzes the costs, consequences, and negative effects these rulings have on any social context.

While he does not deny the need for guidelines, he suggests that these may be voluntarily arranged, instead of state-imposed, to avoid hampering the market effects desired. He elaborates on the alternatives and provides steps to encourage private regulation to attain the healthy and safe environment aspired.


John Blundell (1952-2014) was Distinguished Senior Fellow of the Institute of…


Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín