Tag Archives: regulations

Continuing Education for Politicians, Bureaucrats, and Government Regulators

It truly is incredible exactly how many rules and regulations are proposed by government bureaucrats and regulators requiring a variety of professionals who hold the necessary licenses to attend ongoing education classes. The majority of these courses are mundane, and more about demanding that the professionals submit to authority to continue to keep their licenses, rather than something that will assist the consuming public with necessary safety measures. In many regards as a business person this totally irks me for the reason that we have bureaucrats in government generating more and more rules and regulations year after year.

It appears as if they simply are unable to help themselves, and in addition they believe that anyone who transgresses one of their rules or regulations is unethical, an evil doer, or seeking to avoid their responsibility in protecting the general public. That is definitely simply not the situation, sometimes their rules and regulations fail to match the circumstances, additionally, the entrepreneur or business person is simply attempting to service their clients regardless of all the bureaucratic nonsense in the way.

After many years i have finally come to the conclusion that politicians, bureaucrats, and government regulators should have ongoing education for themselves. The reason being that a lot of them have never managed a business, or taken part in the free market system, as a result they just do not have an understanding of it.

Instead of the business community getting upset at all the nonsense, why not simply make it obligatory that these people being employed in the government learn the basics of the real world. Precisely what should we be teaching them? Here are three topics that could possibly be an excellent start;

1. Free Markets
2. Constitutional Refreshers
3. The Inefficiencies of Government Bureaucracies

For a start, it’s possible that they require some on-the-job training, and in actual fact work in a business, alongside a business owner to see and experience just how difficult it is to run and manage their operation considering all the absurd regulations which have been put forth. After that I think that they need to read Milton Friedman’s “The Right to Choose” and of course Ayn Rand‘s classics.

Last but not least, in my opinion these bureaucrats and politicians really need to take constitutional refresher courses to make sure they don’t promote laws which unfortunately impede our rights as citizens, business owners, or our right to free contract. The truth is, these individuals need to realize that bureaucracies are by their very nature inefficient, and as a consequence each and every time the government does more, they generate inefficiencies not efficiencies in free markets.

Like other professionals who are required to keep their licence’s valid, I believe tha same should apply for politicians, bureaucrats, and government regulators – ongoing education classes.

This only seems fair.

Source: Lance Winslow


South Africa ranks high on Ease of Doing Business Index

Consistent ratings of South Africa as an investment market as well as a strong ranking against emerging markets – and specifically the BRIC nations of Brazil, Russia, India and China – underpin the country’s performance in the annual Ease of Doing Business Index results announced by the World Bank in Washington.

The Ease of Doing Business Index is an index created by the international financial institution, and uses empirical research to justify its work by showing the effect of improving regulations on economic growth.

Higher rankings indicate better, usually simpler, regulations for businesses and stronger protection of property rights.

The index is meant to measure regulations directly affecting businesses and does not directly measure more general conditions such as a nation’s proximity to large markets, quality of infrastructure, inflation, or crime.

South Africa lost two places in the latest index results and is now placed 34 out of 183 economies.

“As with other indices issued of late, South Africa has not lost place as a result of declining scores, but rather as a result of other economies improving at a more rapid rate,” said Brand South Africa CEO Miller Matola.

“Our consistent ratings are underpinned by improvements in areas such as closing a business, where we are up three places to 74; as well as in enforcing contracts where we improved on position to 85, from 86. In contrast to this South Africa lost ground in areas such as starting a business, registering a company and trading across borders,” he said.

Globally competitive investment destination

Matola added that Brand South Africa will continue to prioritise efforts to promote the country’s reputation as a globally competitive investment destination, guided by indices such as the World Bank’s Doing Business Index and others.

“It is critical that we align all the recent indices with our own strategic priorities and measure the direct impact of our efforts in these regions on a market by market basis,” he said.

Within the World Bank’s latest index this holds true. In areas such as investor protection South Africa outperformed the Organisation for Economic Cooperation and Development averages in all four pillars. This includes extent of disclosure, extent of direct liability, shareholder suits and investor protection itself.

“South Africa’s role as an emerging market which can compete comparatively with some of the BRIC nations and act as a credible connector to the 1-billion consumers on the continent has been boosted by the recent results where all four BRIC nations lost ground and where sub-Saharan Africa made the greatest improvements,” said Matola.

“The credibility of South Africa being ranked as one of the top emerging economies in terms of its ease of doing business has a significant impact on its competitiveness as a country with which investors would want to do business in the future. Studies and reports such as these are key to our understanding and efforts to position and profile South Africa as a trade, investment and tourism destination of choice.”

Source: mediaclubsouthafrica.com