Free Markets, Free People

Americans down on more regulation of US businesses

Gallup has a poll out saying fewer and fewer Americans want more regulation of US businesses.  That shouldn’t come as a surprise, really, given the current economic situation (I say that because it’s anyone’s guess how the population would feel if we were going great guns economically):

Americans say there is too much (47%) rather than too little (26%) government regulation of business and industry, with 24% saying the amount of regulation is about right. Americans have been most likely to say there is too much regulation of business over the last several years, but prior to 2006, Americans’ views on the issue of government regulation of business were more mixed.

Here’s what I found fascinating about this particular poll:

The collapse of Lehman Bros., the failure of the secondary mortgage market, and other business problems in 2008 and 2009 might have been expected to increase Americans’ desire for more government control of business and industry. But that was not the case. Americans’ views that there is too much government regulation in fact began to rise in 2009, perhaps in response to the new Obama administration and new business regulation policies such as Dodd-Frank, reaching an all-time high of 50% in 2011 before settling down slightly this year to 47%.

Now it is well disguised in there, but the bottom line is that Gallup is saying that the American public didn’t buy into the notion that the financial collapse was all the fault of “Big Money” or “Big Business”, despite the administration and politician’s best efforts to spin it that way.  There’s obviously some fault to be found on the private side, but it appears the public also puts a lot of it on government and government policy.  That’s encouraging.

Of course the unsurprising aspect of this poll was the breakdown of who didn’t think there was too much regulation of US businesses and, in fact, thought there ought to be more:

Another, in a long line of reasons I find the Democrats to be much more dangerous to our future freedom (at least at the moment) than the GOP.


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7 Responses to Americans down on more regulation of US businesses

  • Deregulation is a failure. It just is. I don’t have to provide links or logic or anything else. I decree it. Deregulation has been shown to make things worse, while strong oversight by people with advanced degrees makes things better. Every time. Stop laughing.

    Of course, the Tea Party people just melt when Sarah Palin winks at them through her naughty librarian glasses and heaves her ample bosom with that deep sigh. So when she says regulation is bad, they believe her and so you get silly survey data like this. It takes a professional like me to see right through that nonsense.

    Your kind of thinking is obsolete, no matter what the data says. I’ve been saying for years that Obama is almost certain to be reelected, and boy you’ll see some new regulation then, yessiree. And lots of it.

    But I’m generally libertarian, so I think people ought to decide things for themselves. Except that of course nasty companies like pizza chains with mean managers use their money to deceive people, so wise pragmatic moderate leftists must be able to override anything the people decide for themselves. For their own good, of course. Because those pragmatic moderate leftists would never ever be subject to influence from business people attempting to game the regulation process. Nope. Stop saying that.

    Yes, my way of thinking is taking over. I can see it all the way from the moose pastures of Maine to the faculty lounge. And I’m not either so narrow in my own perspective that I constantly make mistakes predicting things. Shut up about that. Especially you, looker, and your taunts about how things are turning out in the Middle East. They are going to be wonderful. Eventually. When good and necessary things happen, and Twitter really kicks in to save the day. Or something like that.

    Of course, you can read my take in detail at my blog, where I post deep philosophical quantum game stuff that isn’t just random recombinations of terminology I got from Wikipedia, so stop saying that. And you can see my rich, creamy analysis of the polls, using my deep understanding of standard divinations and other statistical concepts that I totally understand. Yes, my calculus teacher told me it was a good thing I majored in political science. I’m sure he meant that it was a good thing I would be bringing my math skills to an area that really needs them.

    So come on over and read my stuff, which isn’t either just standard leftist cant put up to make myself feel better about the fact that I’m an unknown, mediocre professor at a moose college in Outer Bumphunk, Maine and a failed author to boot. Why, I worked for a senator once! A Republican one! And I did more than just fetch coffee, so stop saying that. And I didn’t either leave because I couldn’t hack any place where genuine thinking ability and decent communications skills were needed, so stop saying that too.

    My students all agree that I’m a brilliant thinker and a great communicator. So do the others in the faculty lounge. Why, as soon as I come in, they stop talking about whatever they were talking about, and take pains to assure me that I’m smart and capable, and they realize that I have all kinds of important things to do, so they totally understand if I can’t stop and talk to them.

  • And yet, the strong economies such as Hong Kong, Singapore and the like have a small fraction of the regulation that we do.
    And the assumption (we know that cliche) is that “It’s for our own good” and written be benevolent benefactors.

    • I believe the entire HK tax code is under 100 pages.
      Also relevant, California high speed rail could be stopped by…environmental impact reports which take an average of 6 years, thus making Federal funds unavailable. Six years! A whole lot of lawyers and bureaucrats must be making quite a leisurely living from this stuff.

  • I’m afraid, in some respects, polls of public opinion run contrary to the best interest of certain aspects of the country.   For example, most Americans were against integration of the military before it happened.

  • That question could easily be reworded to: “Do you think government is intrusive enough in our lives?” you will get the same results.