Business Scandals -- Liberty For All

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Subject: Business Scandals

Author:
Eric F. Magnuson

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Date Posted: 19:07:21 11/17/02 Sun

Do we need government regulation of business to protect us from crooks?

No. All we need is better disclosure laws with heavy penalties for violation. Government doesn't tell executives how to run the business, simply that they cannot operate in secrecy. Investors are told what information to expect. Business procedure is then reported as it occurs. If there is non compliance by management or investors don't like executive policy all they have to do is put their money elsewhere. This provides a natural free market incentive to management rather than a meddlesome or coercive one.

The World Libertarian Order has an interesting site. Please visit.
http://wlo418.tripod.com/worldlibertarianorder/

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