Whenever people discuss regulation, whether for or against, it’s always treated as basically one type of thing. Opponents might say, “regulation is bad for business,” or, “we need to cut red tape,” while advocates might argue, “regulation makes us safer,” or, less positively, “regulation is a necessary evil.”
Occasionally, someone will distinguish between good and bad regulation, but it’s still talked about as one thing, with one purpose; the debate is whether it achieves that purpose to a better or worse extent.
Visiting India helped crystallise in my mind that there are two very different things, both called “regulation”. They have different aims, and different effects on business. We shouldn’t confuse one for the other. We should also be aware that it’s a deliberate policy of business lobby groups to try to make us do just that.
I know it’s a bit late, but here’s the best stuff I read/saw/etc in 2015.
Railsea by China Miéville
By the same author as the superb The City And The City, Railsea is a post-apocalyptic riff on Moby-Dick. A young cabin boy joins a train crew rattling about on a vast dried sea-bed covered in criss-crossing railway tracks and inhabited by ferocious burrowing monsters, while the captain obsessively hunts her great yellow mole. Ripping stuff.
23 Things They Don’t Tell You About Capitalism by Ha-Joon Chang
Since the era of Thatcher and Reagan, mainstream economics has been dominated by the ideology of the free market, championed by the right wing as the driver of economic success. Meanwhile the left wing has either opposed it on moral grounds of fairness and compassion, or accepted it while trying to mitigate its worst effects. The basic economic argument has never been challenged in public debate: the free market creates a prosperous economy. However, in academic economics, this truism is widely known to be false, and the contradictions and failings of the free market are well understood. Ha-Joon Chang is one of the leading voices attempting to bust the free market myths of public consciousness, and this book is a perfect primer.
One Day In The Life of Ivan Denisovich by Aleksandr Solzhenitsyn
One of the hallmarks of a great book for me is how much is lingers in your consciousness after you’ve read it, and for weeks after finishing One Day In The LIfe Of Ivan Denisovich, I often found myself thinking, ridiculously, “this is just like in the Gulag.”