All human beings are born free, all men and women; even those in totalitarian states. Their fundamental human rights have simply been taken away by a government with too much authority. People are still born with the natural right to life and liberty; because they are the only legitimate owners of themselves. As human beings, we are born with the drive to reach not only the essential building blocks, but also to improve our lives with a higher standard of living. This being intrinsically true, man by pure right has the ability to obtain goods through purchase, production, sale and trade. In self-ownership, the entire human race should always have these abilities. We are born with the freedom to live life as we see fit, as long as no one else is forced or restrained (no aggression, no force). Any central government, agency or entity of the same that restricts these fundamental freedoms in some way has become an aggressor against its own people. This type of government is tyrannical.
Any state that makes a proclamation that it recognizes and defends individual freedom cannot and will never contain such authoritarianism, lest it become a state of contradiction and tyranny. To achieve freedom, to be truly free while having a central government, we must have the ability to live life freely, in our own way; as long as we don’t stop someone else from doing the same. There should be no government intervention in personal or social decisions, interactions or actions, as long as these decisions and actions do not impose force or coerce anyone. That the state regulates or restricts the peaceful personal interactions of individuals within that state is nothing more than a totalitarian violation of the proclaimed freedom it purports to defend.
In a true free society, these same principles of freedom and nonintervention of the state must also apply economically or the state is still using force or coercion against its people. No central government should interfere in the affairs of a man, as long as it is not violating anyone’s freedom, stealing or using aggression against someone. This is their means of income and through it, consumer demand is satisfied. For the government to prevent it, it turns the government into an aggressor. Government regulations imposed on companies generally have detrimental effects, not only on the industry concerned, but on the economy as a whole; small businesses bear the heaviest regulatory burden. According to the Office of Information and Regulatory Affairs, there are about 3,400 federal business regulations. with almost 1/3 directly impacting small businesses. State licensing, fee, tax, and location regulations are all non-consensual assaults that lower a nation’s industrial value. The regulation that forces a company to add additional features and materials and dictates procedural and manufacturing changes also directly forces an increase in the cost of manufacturing; which leads to an increase in the price of the product. This decreases the total production and the total gross production of that business and industry.
Regulatory statutes too often limit a company’s ability to compete within its market, stifle market expansion, discourage business innovation and industrial crossover. According to a 2014 Wall Street Journal article, titled “Behind the Fall in Productivity: Fewer Startups,” due to excessive regulation, America’s production growth rate was nearly half its historical rate. It plummeted from its annual average rate of 2.5 percent, which stood from 1948 to a low 1.1 percent between 2011 and 2014. This drop was huge and is just one of thousands of hardships imposed by regulations forcibly imposed on the companies. People who have great and innovative business ideas are set for failure because of these regulations. They are strictly restricted by licenses, fees, and requirements that most of these great minds simply cannot meet; and their ideas never become anything more than an idea, however revolutionary they may be. During that period of reduction in the production rate, the gross domestic product fell dramatically, which brought the annual hourly productivity rate to 3.5%. This was the worst productivity statistic seen in a period of 24 years, from 1990 to 2014. According to academics from George Mason University; We have clear data showing that when regulation in an industry is doubled, there is a 9 percent decrease in new business formation. This not only hurts those who want to become entrepreneurs, it also has a negative impact on job seekers. You can read the article at https://www.mercatus.org/publication/regulating-away-competition-effect-regulation-entrepreneurship-and-employment / Numerous studies have provided strikingly similar data, so it is reasonable to say that it is the nature of regulation to restrict. Increased regulation slows economic growth. Tax regulation, in essence, is nothing more than a thinly veiled tax on people. For example, if a government regulates beverage companies to use a higher-quality metal for their canned goods, cans become more expensive, as if the government imposed a new tax on canned beverages.
We must have free markets driven by an entrepreneurial spirit, without government regulations. This ensures competition, lower prices and more jobs. If I, as an individual, wish to start a business, I should be free to do so without paying a large portion of my earnings in taxes. It should be able to operate without unnecessary licenses and production mandates. I should be free from regulations and fees that harm my business and that of my competitors. Americans, to remain free and maintain freedom we must have a system of pure capitalism without cronyism or external manipulation of the market. Our US markets must be built on competition and competent service. In a free market economy, the consumer actually runs the markets. Product prices, demand, and supply levels will be a true reflection of consumer interest. Only when this is achieved will we be able to see an accurate description of our economic strength, or lack thereof. In a true free market economy, we would have to maintain a zero percent corporate tax rate. Not only would the companies stay in the United States, but several companies would move to the United States; further stimulate the economy. A state does not need this (tax) money to survive and taking the money that an individual or a company has earned without their consent is illegal, as it is nothing more than theft. Where true freedom dwells, the result is always self-efficacy and freedom. This is the only way that true capitalism can benefit everyone, the non-interventionist economy.
Yes, this also applies to wages. Compensation for an individual’s work belongs solely to the individual who earned such compensation. Production, which is the end result of worker productivity, is owned by the employer. Imagine that I am a worker in a factory and my productivity value is $ 10.00 an hour, and I am paid a wage of $ 8.00 an hour for my work. This is fair; since it allows my employer to make a profit of + $ 2.00 per hour and in relation to my productivity. If a state imposes regulations that require my employer to pay me $ 15.00 per hour, the wage may increase, but my hourly productivity may not. My employer is now – $ 5.00 at my hourly productivity rate. This salary is unfair, as the government is forcing financial losses on business owners. They are committing tyrannies and have become aggressors against anyone who wishes to pursue the American dream. Salary is not a reflection of my actual output value and falsely reports financial output value. Therefore, such imposed laws are an act of force, an aggression committed by the government. These types of regulations force to increase unemployment, reduce productivity and dampen production. Someone will lose their job and have a hard time finding another unless they can achieve a level where their hourly productivity rate is higher than the imposed wage regulation. More people will fight for such work, fewer people will receive jobs with these high salaries. People with lower productivity rates will be laid off, companies will have no incentive to hire or retain such workers. Any machinery that can replace a worker will, as it receives no compensation, requires no breaks, and always meets production criteria.
If we didn’t have regulations, wouldn’t breweries put poison in beer and kill people? Of course not, not if they wanted to be successful in business. Instead, people would buy their beer from another brewery and the murderous venture would fail. This can happen in our current overregulated economy. The difference now is that there would be no government bailouts or substations, which would ensure that breweries are driven to produce quality products, as the consumer regulates the markets; with your purchasing power. Still not satisfied? What about the FDA? We need a government regulated agency like the FDA to make sure we get safe products, right? Well, no. The FDA often blocks life-saving drugs from reaching the markets and approves drugs that have devastating physical and mental effects. They promote addiction and ensure that no one has the authority to stop “big pharma.” If consumers want approved quality products, this becomes a market demand, without government interference, then private companies offering specialty quality control would appear, with a seal of approval higher than that of the FDA. Companies could pay for these approval agencies because they would also be open to free market competition. To live in a country where the state claims to defend freedom, these fundamental personal and economic freedoms must be allowed and defended. This is the cornerstone of freedom, voluntary cooperation, entrepreneurship, anarcho-capitalism, and limited government. The only way to be truly free is to have true personal and financial freedom.
