Thursday, July 24, 2014
On Executions
Monday, July 21, 2014
The Rule of Law
- have stronger investor protections and provide companies with better access to equity financing than civil law countries, as manifested in larger stock markets, more numerous firms, and more initial public offering;
- have better protections of outside investors relative to 'insiders', whereas French civil law countries have poorer protections;
- make it easier for new firms to enter the market, as manifested in the number of procedures, number of days and costs of setting up a new business;
- have more efficient (because less formalistic) courts, as measured by the time it takes to evict non-paying tenants and to collect a debt after a cheque has bounced;
- regulate their labor markets less and therefore have a higher labor participation and lower unemployment rates than civil law countries;
- have more extensive mandatory disclosure requirements, which again encourages investors; and
- have more efficient procedures in cases of insolvency, such as a hypothetical hotel bankruptcy.
He goes on to quote:Legal investor protection is a strong predictor of financial development...[as well as] government ownership of banks, the burden of entry regulations, regulation of labor markets, incidence of military conscription, and government ownership of the media...In all these spheres, civil law is associated with a heavier hand of government ownership and regulation than common law...Civil law is 'policy implementing', while common law is 'dispute resolving'.
And this is the tie to Howard. America, inheriting a common law tradition from England, used to implement the Rule of Law much more in a fashion of resolving disputes. However, can anyone look at America's modern mode of law and government and claim that we have not strayed into the policy implementing arena? And why? According to Howard, it was a reaction to the 1960's, where America was forced to look at it's shortcomings. Looking at Jim Crow and a corrupt ('I am not a crook') president and no longer trusting the ability of government and judges to have any flexibility or interpretation of the law, the individuals that wrote the laws started writing law in such detail and minutiae to prevent any interpretation or flexibility. And we, Americans, wanted that, because we no longer trusted our judges to interpret the laws or trusted government workers to implement or interpret a law. But by taking away the flexibility we deviated from the common law heritage, and would up with something far worse: an ungovernable system.
Our tax code is so complicated that no one can possibly understand it, except those who specialize in it. Dodd-Frank, the 2010 law that is supposed to prevent another financial melt down is so complicated it is still not implemented. Section 342 requires the regulatory bodies that are to "promote the financial stability of the US" to establish "An Office of Women and Minority Inclusion". My point is not that we don't have problems with too few women and minorities in our workplaces and in the regulatory bodies. My point is that we are developing a morass of laws and regulations and guidelines and findings and "stuff" that is impossible to perform under. Certainly impossible to achieve within.
The 1946 Academy Award Best Film was "The Best Years of Our Lives". The movie is about three WWII vets who ride home in the same B-17 to Boon City. Fredrick March is the banker who is thrust into the spot of evaluating Vets requesting GI-Bill loans. His board is giving him pressure to "be responsible", "look at collateral", be a banker. At a dinner celebrating his promotion, he get's drunk and tells the other bankers a story, about when he was ordered to take a hill. He says: "So I told them, but sir, I don't have any collateral. So we didn't take that hill, and we lost the war." He then tells them that the bank is going to trust the Vets, give them the loans, because their war accomplishments and their character is their collateral. And, of course, those Vets did prove their collateral. That movie was in 1946, and America did very well over the next several decades. Of course, the rest of the world was in ruins. And not everything America did over the next few decades was right or just or noble. But Americans trusted each other, its government and its courts. It lived by the Rule of Law.
America lost that trust, and tried to replace it with a rule for every situation. Don't trust a judge; codify the sentences. Don't listen to a bureaucrat, spell everything out in the rules. Until there are now just too many rules, too many laws. Any more, and America will sink under all the laws.
Wednesday, July 16, 2014
"HOUSE PASSES BILL TO AVERT 'CONSTRUCTION SHUTDOWN' " and Illustrates all that is wrong in Washington.
Tuesday, July 15, 2014
It's Time We Did a Little Comparison Shopping.
"You, your employees and agents are authorized to use CPT only as contained in the following authorized materials of Centers for Medicare and Medicaid Services (CMS) internally within your organization within the United States for the sole use by yourself, employees and agents. Use is limited to use in Medicare, Medicaid or other programs administered by CMS." "Any use not authorized herein is prohibited, including by way of illustration and not by way of limitation, making copies of CPT for resale and/or license, transferring copies of CPT to any party not bound by this agreement, creating any modified or derivative work of CPT, or making any commercial use of CPT. License to use CPT for any use not authorized herein must be obtained through the AMA, CPT Intellectual Property Services, AMA Plaza, 330 N. Wabash Ave., Suite 39300, Chicago, IL 60611-5885. Applications are available at the AMA Web site, http://www.ama-assn.org/go/cpt."That's the good old American Medical Association, arm-in-arm with the Centers for Medicare & Medicaid Services that want to make all that cost data "more transparent". Maybe they just want to keep the good old over-priced system running, where the insurance companies and the hospitals and the doctors divide up the pie, and keep the customer, the patient, in mushroom mode. Of course, all this medical information is too important to allow the patient to see it; they might get confused, might not understand just exactly why they need to be charged so much. Even though that poor patient pays more than twice the average amount as patients in any other industrial country, and get results that put that poor patient out of the top 20 in terms of results. Seems to me it's time we demanded that we be given the data we have paid for, to do what we wish with it. It's time we be allowed to do some comparison shopping. It's time the patients were treated like consumers, to be given a service, and treated, rather than a condition to be billed. Hospitals and physicians in Sweden and India are getting better, and cheaper, results, better outcomes, and costing less, by improving their care. Our system is working hard to preserver the status quo, and outcome we can't live with.