Intelligent policies will be largely self-regulating in the sense that the system of incentives and standards makes it absolutely ludicrous to not move towards clean, internalized systems of cost and production.
Sentiment: NEGATIVE
When you put in place regulations that are so burdensome, so tough, so much so that they cripple your economy, we then don't have the resources to invest in technologies that are going to make that difference, because it's just going to shut everything down. That's not going to help us as an economy.
Today we see how utterly mistaken was the Milton Friedman notion that a market system can regulate itself... Everyone understands now, on the contrary, that there can be no solution without government.
The history of business has shown that companies usually only regulate themselves if they're forced to by legislation, or out of self-interest - often in the shape of a marketable message that will help sell more products.
Self-government won't work without self-discipline.
We need open, competitive, market economies... but at the same time with effective regulation and supervision.
You want to keep intelligence separate from policy.
Everyone wants clean air and clean water, but my hope is that we will not regulate it to the point where we drive businesses and industries out of this country, to the point where entrepreneurs cannot start or expand their businesses because they simply can't afford to do so.
All the time, you take a look at what government rules are, so you can minimize the impact of government regulations. That's just smart business.
Aside from the occasional genocide, oppression, evil and torture, etc., it is inarguable that public policy could be implemented more rapidly in an autocracy.
Not only is self-regulation largely a fantasy, but repeated scandals across multiple industries have proved that companies are fundamentally incapable of self-regulating for the greater good.