Clear Rules, Predictable Outcomes
THERE is sometimes an apparent tug of war between free markets and strong government regulations.
The way a few businessmen talk, the way to heaven for them is paved with actions removing unnecessary rules and regulations that simply stand on their way. To some extent such a hope is justified. Bureaucracies tend to stifle and to block. They issue many rules, some of which are insane or can push people close to becoming one. Moreover, many of those rules simply complicate the way of doing business and make it much more expensive. For many businessmen, therefore, the government that interferes least is the best.
But market-oriented businessmen must also recognize that …
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Publication information: Article title: Clear Rules, Predictable Outcomes. Contributors: Not available. Newspaper title: Manila Bulletin. Publication date: September 26, 2003. Page number: Not available. © 2009 Manila Bulletin Publishing Corp. COPYRIGHT 2003 Gale Group.
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