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.