Commentary
One of many the major historical threats to prosperity goes by the name of regime uncertainty. This happens when the use of government power becomes predictably unpredictable. With legislative or court oversight, agencies lash out at commerce and civic life in general with edicts, pronouncements, impositions, mandates, and outright attacks motivated not by stable law or science but pure political vendetta.
Such regimes drive their societies into poverty because people and enterprises cannot plan for the future or build viable enterprises without fear that the authorities will randomly show up to crush them. People try to comply with the law but the law keeps changing….
RSS Feed | The Epoch Times