As we grow up in America we are taught to respect the law and put trust in our government. This is a good thing, because most citizens obey the law, respect the law and therefore we can run a civilized society. Obviously, we live in the greatest nation ever created in the history of mankind and that is a good thing. The reason we live in such a great nation is not because of all the laws or the overregulation on industry.
This great nation has prospered because of the great people, entrepreneurship, drive, liberty and the free market. We live in a great nation that has gotten to the top of the food chain in spite of the overregulation and poor execution of regulatory law on industry. Every single week in the news there is a government regulatory agency, purporting that it has saved the day, by bringing a case against some company or individual that they say has been fraudulent.
Yet, if we look very closely at each case, we see something very different. What we see is government regulatory bodies sending out press releases to over 8,000 news companies, purporting their side of the story, the second if not just before they file the case. Meanwhile, the regulatory agency, which is backed by the federal government will spend unlimited amounts of taxpayers money to go after the targets that they allege have broken the law and do not possibly have a trillion dollars available to them.
Often, what we find is that the small-company or corporation that is being subpoenaed, sued or put into question by the government regulatory body is not guilty of anything at all. Rather, a corporate competitor that has strong ties to Washington, DC based law firm lobbyists was able to persuade a Congressman or Senator to put in a request to a regulatory agency to look into a certain matter.
Once the regulatory agency, starts a case, they are under extreme pressure to find something wrong or create a case that helps the government prove that they are in the right. Caseworkers and government regulators know that they must find something wrong with the target company once the case has been opened. Otherwise, they will not get promoted, or they might even be demoted.
The consumer of course has surrendered their mind to the TV set, and only knows what they read in the news and if the government says that is going after someone who has done some kind of fraudulent activity, then the consumer thinks that the government is doing its job. Therefore that agency must be worthy, since it is protecting the consumers.
However, you can see that in many cases, the whole event is a sham, and the public relations departments of these government regulatory bodies are disingenuous, creating fraudulent cases against innocent companies and wasting taxpayer’s money. Of course, they don’t teach you this in school. As a businessman for 27-years in multiple industries I have watched this happen over and over again and I now that if I want my competitors attacked by the government – it only takes a few thousand dollars in a donation to a major politician, and then a quick phone call from them to one of the caseworkers or the politician himself – for them to attack my competitor.
In business, this is done all the time, but for the consumer, they have no clue as to what is really going on, but now you know and so, I ask what do you think of your government regulatory agency now? How much confidence do you have in them now that you know the truth? Probably about as much as I do.