The Regulate Debate

Life doesn’t come with a map. But sometimes, there’s a guide.

Whether at the ballgame, the beach or the courtroom — chances are, you’ve come across someone assigned to regulate.

The name might change — umpire, referee, lifeguard, judge — but the motive remains the same. Namely, to view the event in an unbiased manner and ensure the rules are followed.

Step away from these venues, and the story changes drastically. Not only is formal regulation uncommon, it’s also deemed to be anything from a nuisance to a grave danger.

Indeed, throughout history, large-scale overregulation has led to everything from bureaucratic inefficiencies to the perils of authoritarianism. It’s a threat to our freedom, a death knell to individualism.

Quite simply, it’s something we want no part of — apart from a few finite situations. And it’s mostly accepted in those situations to keep things moving at an acceptable pace or to help us avoid deadly dangers.

The culture of self-regulation we’ve demanded is ripe with opportunities, yet fraught with challenges. Whether we’re on the golf course, in the board room or merging onto the highway, we must make the right calls to ensure everything progresses in an orderly fashion. We have the double responsibility of getting ahead while ensuring the playing field is not disturbed. One misstep, one blown call, and mayhem can ensue.

But therein lies the problem. Errors do happen. And it’s only natural that they do. After all, we are imperfect beings attempting the impossible. Although the rules of the road, baseball or a court of law were forged by other people, they were still intended to be followed to perfection — an expectation that belies our human condition.

Even computer regulation has proven to be less than flawless. For all the near-perfect capabilities of technology, there remains one fatal flaw — it was created by humans.

So given these constraints, these challenges — what should we do?

Well, we certainly shouldn’t throw in the towel.

It’s our responsibility — both collectively and individually — to make our system of self-regulation work. That means adhering to the rules to the best of our abilities, and — just as importantly — ensuring that we stay true to the spirit of those rules.

It’s all too easy to be immoral and selfish when given the keys to self-regulation, but all this behavior does is start a vicious downward cycle. And — as proven in our recent Recession — irresponsible regulatory behavior can make everyone suffer.

We must be better. We have the tools — a solid understanding of right and wrong, combined along with the power of influence. Now, it’s our obligation to use these abilities to keep everything moving forward.

This is the way to power and prosperity. This is the way to regulate.

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