Benefits of Economic Deregulation - A Look into the Future

I was thinking while writing my Loser Magazine articles what we can expect if the restraints in the economy were removed as urged.

Concentration of capital would be reduced, and competition would be increased, providing more opportunities, more jobs and lower prices, and more new and improved products and services. This is really just a general statement of the overall benefits which any economist could predict.

The not-so-obvious changes would include:

• The development and marketing of systems to help self-employed persons offer and sell their services in the domestic and non-domestic markets.
• Creation of daycare enters in convenient places, with suitable hours, at reasonable prices, offering attractive services on a competitive basis.
• Creation of low-cost after-hour programs for school children including sports programs, and Japanese-styled juku schools to give some children a boost in needed areas (such as in computers, to supplement public and private schools which lack adequate facilities.
• Data processing systems and employment opportunities in the field of turning unwanted household and office items into cash (in effect a profit-driven recycling program).
• Systems to locate opportunities for persons according to their interests and skills.
• Educational offerings at low prices live and through internet.
• Systems for determining the quality of educational programs based on the successes of graduates, taking into account the background of the graduates before attending the school.
• College programs providing better job possibilities than now available through traditional non-profit degree-granting colleges and universities, at a small fraction of the cost, and with no student loans involved.
• Systems to identify and assist in the utilization of available resources (which, for example, might be available for after-hour school activities for inner-city school children; or for business to borrow to expand capacity for short periods of time).
• Increased opportunities for creative persons to obtain financing for and then sell or distribute their works.
• Increased opportunities to raise money to finance one's self-employment.
• Higher returns (in the neighborhood of 10-20%) for the savings of the middle class and others, instead of the 4.5% which they are now getting from putting their savings in the banks (which you should note are permitted to solicit money publicly without any regulatory hassles under the nation's securities and blue-sky laws; which means that the banks don't have to tell savers how little they're getting in comparison to what is possible to get elsewhere).
• Systems for getting payments to writers, movie producers and others at the instant someone accesses his/her work, which means that a movie producer (such as myself) could sell his work to one viewer per night in each of 100 cities and obtain say $2 per view, and receive this money the next morning in the producer's bank account; where under present distribution techniques a producer could not profitably distribute a movie for a single viewer per day in one city.
• Businesses would develop for the licensing of special services and trademarks to apartment buildings as a way for building owners to become more profitable, and for tenants to obtain the benefit of valuable services at very low prices.
• I would be able to practice law from the beach, using a cellular telephone and portable computer to conduct my business affairs, by tapping into data bases of available persons to do most of whatever I needed to have done.
• Underemployed would be counteracted and substantially reduced by software and databases directed to the problem of maximizing the economic usefulness of persons perceiving themselves to be underemployed (I try to qualify things a bit because of the good possibility that some persons who think they are underemployed might not understand that they are in fact unemployable).
• Systems to rent items of personal property (such as cars, trucks, heavy equipment) during periods when not being used by the owner (another recycling type deal).
• Systems for letting elected officials know what you expect of them to do or risk losing your support.

I see a tremendous growth in employment if small business is given the opportunity to raise money to do the things such as listed above. But there are many other things, especially in the area of new and improved products, which are too vast in scope for me to even begin thinking about, even though I am an inventor and have been awarded two patents.

Copyright © 1995 by Carl E. Person. Permission is given for non-commercial users to send a copy of the data processing file for this work by electronic means to a specific individual for his or her own use, and then only if the entire file is sent, including this copyright notice, but no permission is given for anyone to copy or transmit this file for or to any person for public viewing or downloading. It is intended by the author of this work that the work shall be made available in electronic form only through LawMall (tm).