The Problem With Regulations

Ezra Klein on regulations:

Michael Mandel is waging a one-man war against the government’s tendency to pile on regulations during economic downturns. I worry his approach is a little indiscriminate: Genetically modified crops can still contaminate non-genetically-modified crops even if the economy is weak. So there either need to be standards for how to handle that problem or GMO producers will be laden with legal threats and uncertainty over regulations they they know will come eventually, but whose content they can’t yet predict. That’s a much worse position for a young industry.

I’d put this a little differently. To a fair approximation, regulations on corporate behavior can only be enacted when a Democrat is president, so if you want any new regulations at all, they can only occur when a Democrat happens to be in office. Sometimes that’s during an economic downturn, but them’s the breaks. Besides, rulemaking is a very, very long process, so any rules started up, say, in Barack Obama’s first year, are only likely to win final approval around 2014 or so. If then. So trying to time these things to the economic cycle is a mug’s game anyway.

It would be nice if both parties supported moderate and effective levels of business regulation, and could therefore agree to things like temporary halts during recessions or neutral reviews of possibly outdated rules. But they don’t. The Republican Party these days is basically a ward of its corporate base, and this makes them dedicated to mindlessly declaring all regulations “job killers” and getting rid of everything they can, regardless of whether they’re effective or not. That makes it pretty hard to come up with some kind of efficient, bipartisan approach to streamlining the regulatory state.

OUR NEW CORRUPTION PROJECT

The more we thought about how MoJo's journalism can have the most impact heading into the 2020 election, the more we realized that so many of today's stories come down to corruption: democracy and the rule of law being undermined by the wealthy and powerful for their own gain.

So we're launching a new Mother Jones Corruption Project to do deep, time-intensive reporting on systemic corruption. We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We'll publish what we find as a major series in the summer of 2020, including a special issue of our magazine, a dedicated online portal, and video and podcast series so it doesn't get lost in the daily deluge of breaking news.

It's unlike anything we've done before and we've got seed funding to get started, but we're asking readers to help crowdfund this new beat with an additional $500,000 so we can go even bigger. You can read why we're taking this approach and what we want to accomplish in "Corruption Isn't Just Another Scandal. It's the Rot Beneath All of Them," and if you like how it sounds, please help fund it with a tax-deductible donation today.

We Recommend

Latest

Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate