Regulation

We need to recognize that the marketplace is not the answer to all our distribution problems. There are some basic areas of infrastructure that work better if they are under centralized regulation. These include basic services such as utilities, roads, and healthcare. We should also recognize that the line between properly regulated activities and marketplace activities is a fluid one. Communications and transportation benefit from a regulated framework but they also benefit from the experimentation and innovation that a marketplace provides. But let us not be afraid to impose regulation where it is appropriate and relax it where it is advantageous to society at large.