How might we respond to excessive regulation - much of which stands in the way of personal potential and greater inclusiveness? Clearly, there are regulations on the books which not only reduce our most basic life options, but are also detrimental to long term economic growth and dynamism. Once regulatory environments begin to overwhelm and economic stagnation sets in, societies pay the price in lost market opportunities and a generalized loss of willingness to continue sharing in commonly held goals.
Some of the worst offenders in regulatory excess, are those which impose arbitrary limits on our own growth potential. In a services dominant economy, that translates into tangible losses of mutual assistance and support. If we can't help one another economically, what options are really left? Or how could we possibly know, the extent to which output loss in valuable skills instead stems from a supposed lack of personal ambition? Consider the many hurdles that people are expected to overcome, before they can make a concerted effort to reach out to others on meaningful yet economic terms. Not all those regulatory hurdles in particular, were put there in good faith.
We have yet to begin the crucial task of making it simpler, for people to create real value from their own personal attributes. Meanwhile, societies are seemingly caught in fruitless and demoralizing arguments, where some insist various groups lack the fortitude or ability to do what is "necessary" to achieve success in life.
Yet much of our inability to transition to a better functioning knowledge based economy, is due to regulatory hurdles. These complicated rules of engagement make it exceedingly difficult for many people to fully engage with others in meaningful ways. Is this the best we can hope to achieve as a society? How many burdens could we be rid of, if we sought to eliminate regulations which get in the way of active and meaningful participation with others? What if we could be of use to others, without the small fortunes so often needed for full time work in a knowledge based economy?
Chances are, our collective human capital has been limited by arbitrary regulations to a greater extent than is realized. If we continue allowing only the "best and brightest" in basic workplace responsibilities, we might be doomed to a future where diversity and inclusion are all but impossible. Let's do our best to ensure this doesn't happen. It's time to get rid of the arbitrary regulations which not only create immense holes in our social fabric, but leave many citizens unable to fulfill their own personal aspirations.
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