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  Regulation Without the State: The Debate Continues, 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

06 de noviembre de 2012   | Vistas: 9 |  

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 Economics Affairs (IEA). Previously, he was Director General and…


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Universidad Francisco Marroquín