Classic Stossel: Regulation Overload with Peter Thiel

Government planners slow innovation with burdensome rules.
In 1931, workers built the Empire State building in just over a year. Now it takes 13 years to finish the new World Trade Center.
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Don't miss the weekly video from Stossel TV. Sign up here: johnstossel.activehosted.com/f/1
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Entrepreneur Peter Thiel America is lucky that today’s FDA wasn’t around when the polio vaccine was invented.
A Stossel Classic from 2016

[@uduran9907]

Milton Friedman said "If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand."

[@cquilty673]

He was right. The government is in charge of unclaimed/undeveloped land. There's no place left you can build in less than 4 years, even if you own the land. We're running out of land. If you've ever had dealings with the Bureau of Land Management (BLM), you know what I mean. I had to deal with a BLM regulator who insisted on a 2 year long environmental impact study (guess who pays) in order to put down a 2' X 2' 4 inch tall concrete pad. Interesting, this pad I wanted to put down was only 8' from a 4' diameter, 3' high concrete anchor for a telecommunications tower. Beyond stupidity!

[@Reubentheimitator6572]

@@cquilty673 I guess you pay💸, and my parents pay💸 and nearly every taxpay💸er pay💸s for it. I will pay💸 for it in the future.

[@ivanmihaelmatkovic2464]

I agree, but he was an idiot whose policies ruined the lives of many.

[@JohnSmith-eo5sp]

That's an old antiSoviet joke

[@VIKDR1]

@@ivanmihaelmatkovic2464 Exactly whose lives were ruined, and exactly how were they ruined?

[@aaa7189]

“The most terrifying words in the English language are: I’m from the government and I’m here to help.” Ronald Reagan

[@mohannarayan4603]

Sad but people believe the opposite

[@aaa7189]

@@mohannarayan4603 Bethlehem Steel in Buffalo, NY was floundering. A new owner talked to the workers and said if they took a $1 or so pay cut it would help the company get back on its feet and they will eventually get that money back. The union said screw you. So the owner said I am done. Then Bethlehem was over and done. Many people don't realize what they have / had and take it for granted

[@C_R_O_M________]

That was a good one! Unfortunately the same guy said : If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it ...

[@jrhackman7414]

@@C_R_O_M________ He did in fact say that. But you missed the part that came before it. “ governments view of the economy could be summed up in a few short phrases”

[@C_R_O_M________]

@@jrhackman7414 well, my bad then!

[@kvogel9245]

Now the woke tech billionaires want to make sure that nobody else can do what they did.

[@FRN2013]

Yup. Including PayPal, which is mega-woke. Which is why I use Stripe.

[@chrisucl]

@@FRN2013 what's stripe

[@the2step]

Exactly, that's why you see a lot of these uber wealthy democrats. They've already gotten theirs, and their companies are big enough to lobby and get certain tax breaks, but the regulation and high taxes will stifle their competition from growing. The more power government has the more they can use their regulations to determine winners and losers.

[@lisamoore6804]

Ikr?!

[@andya2665]

Sick of the left using businesses to manipulate people. Time for the Right to stop using businesses that use "social shaping" tactics.

[@dbudny]

The problem is that rules and regulations are created by non-elected cronies that are part of "agency's".

[@HadToChangeMyName_YoutubeSucks]

Oh I think there are a lot of regulations pushed by elected cronies. Have a look at the latest gun bill.

[@matthewrix1047]

That is a problem that cannot be solved. For example, I don't know of any politicians that are aerospace engineers but voters have still demanded that airplanes be regulated by the government so what choice does the politician have but to turn to experts in the field and the experts are always the biggest players in that market so they get to set the rules to keep competition out and no one is the wiser. However there is no other way for the politician to regulate such industries so the answer in the end is to not have the government regulation and instead rely on private sector regulations from places like insurance companies and investors.

[@arcguardian]

@@HadToChangeMyName_KZbinSucks fact

[@noskalborg723]

@@HadToChangeMyName_KZbinSucks how do they do it?: 22 And it came to pass that they did have their signs, yea, their secret signs, and their secret words; and this that they might distinguish a brother who had entered into the covenant, that whatsoever wickedness his brother should do he should not be injured by his brother, nor by those who did belong to his band, who had taken this covenant. 23 And thus they might murder, and plunder, and steal, and commit whoredoms and all manner of wickedness, contrary to the laws of their country and also the laws of their God. 24 And whosoever of those who belonged to their band should reveal unto the world of their wickedness and their abominations, should be tried, not according to the laws of their country, but according to the laws of their wickedness, which had been given by Gadianton and Kishkumen. -Helaman 6

[@Welcome2TheUnknown]

corruption at its finest.

[@stvargas69]

Ironic that big tech wants the govt to stay out of their business but they want to be all up in our business

[@LordsofMedia]

They want to be the government and they already practically are.

[@gerardomartinez3920]

Big tech want to close the doors of opertunity that they use so we can’t compete with them..

[@alan_clough]

"rules for thee, not for me"

[@HateTheIRS]

This is why I don’t like paying taxes. Most people don’t know about stuff like this, and just go with the flow.

[@clinthulsey1712]

Most people have never even tried to build anything, after building my house, I loathe most government.

[@kenjohnson4423]

Mike, do you mean income taxes? Because wages are not income, except for US citizens, we are all born state citizens and our parents sign us up as US citizens on form SS5 line 5. Look it up. US citizenship is just a contract for social security. Us citizenship isnt citizenship at all, it's just means you signed up as a franchise for benefits. Think FTB California Franchise Tax Board. Americans are not liable for direct taxes or income taxes

[@bjkarana]

News flash: _no one_ likes paying taxes.

[@HateTheIRS]

@@bjkarana some people do like paying taxes. Some people I’ve talked to have said, taxes are a good thing.

[@HateTheIRS]

@@kenjohnson4423 most taxes including Income taxes, and property taxes, and estate taxes, and death taxes, paying taxes on life insurance is a slap in the face. I can pay off my house, and even then I still have to pay close to 18,000$ a year in property taxes alone. That’s ridiculous.

[@cquilty673]

I am reminded of a young woman in Hawaii back in the 70's or 80's. She escaped from an abusive relationship, and started a small service to help other women in the same plight. As soon as she started hiring people to help grow the service, government regulators stepped in and laid out an encyclopedia of regulations she had to comply with in order to run a business with paid employees. She was providing a needed and helpful service far below the cost of professional and government help. The regulators put her out of business. Before she started, she saw government as the potential savior of all. After, she saw government as the soulless over reaching monster it is. Literally, in a space of weeks, she went from a hard core blue dog democrat to a libertarian. Where I live, I need local government permission to paint my house! I used to think it was my property. No more.

[@samcrabtree1708]

Government says it is your property, they want it that way. The government would have more problem collecting taxes from you if you didn't own the property. The fact that more people did not own property more than a century ago was the impetus for enacting the income tax.

[@kingdavidthegreatprick5410]

Domestic abuse is a joke

[@nutbastard]

"I used to think it was my property." It's just serfdom with extra steps.

[@MarcDufresneosorusrex]

@@samcrabtree1708 how would it be possible to enact a law taking money from individuals if you had nothing to offer in return? I gather that one of my original premises is wrong, which one?

[@desertodavid]

@@MarcDufresneosorusrex what the hell did you just say? They enact laws all the time that give the people nothing except maybe some assurance of some intangible security.

[@rothbardfreedom]

If someone says X is good, but make it mandatory, you can be sure that X is bad.

[@tacomonkey222]

Antiracism is good it should be enforced

[@gerardomartinez3920]

Yes it’s my body my choice where is that when you need it

[@saradadhakal4748]

@@tacomonkey222 Well I think not being racist is good but one should not force it down my throat

[@andrewfreeman88]

Vaccines??

[@rothbardfreedom]

@@saradadhakal4748 "Antiracism" is usually political activism in racial matters. It's not about being racist or not, it's about power.

[@presidentmerkinmuffley6769]

"I believe there are more instances of the abridgement of freedom of the people by gradual and silent encroachments by those in power than by violent and sudden usurpations." -James Madison

[@kenjohnson4423]

@eblman , regulations only apply to persons, not people, we are people, we are not persons, look up any code, they all say persons

[@kenjohnson4423]

There are no laws for we the people, show me a law that reads, the people are required, the people shall register, the people .... you won't find any laws

[@presidentmerkinmuffley6769]

@@kenjohnson4423 "A constitution defines and limits the powers of the government it creates. It therefore follows, as a natural and also a logical result, that the governmental exercise of any power not authorized by the constitution is an assumed power, and therefore illegal." -Thomas Paine

[@tedubadu2536]

Wow this is the first time I've ever seen a founding father being quoted on KZbin and it not be spurious. good on you!

[@Barskor1]

@@kenjohnson4423 So what is the legal difference between persons and people?

[@Max-nt5zs]

I like how they showed the Facebook thing when they talked about lack of regulation the first time, but now Facebook is trying to get regulation to destroy competition. 😝

[@TheFoolintherainn]

Jeff Bezos is behind the $15 minimum wage push - he came off as the "hero" putting all his Amazon employees at $15 minimum wage. But he's put FAR more money into lobbying to force his competitors to pay the same wage, which they can't afford. Isn't that clever? It's socialism just like Canada - legally, you can fill out an application to bring a handgun into canada, they have a form and you pay a fee - you mail it in.. and you never hear back! But Canada can claim that they allow handguns to cross their borders.. although they don't.

[@scrapcash2421]

@@TheFoolintherainn Canada is not Socialist. Never has been. Stop saying things that are not true. Stick to the true facts that you have about bringing guns in. That part is true.

[@meekmeads]

@@scrapcash2421 Trudeau being PM and Mainland Chinese gobbling up Canadian properties like fried rice. SURE

[@facelesstrader1351]

@@scrapcash2421 you are a socialist. You just refuse to see it.

[@whatevergoesforme5129]

I learned that DARPA actually invested in many big tech companies through venture capital.

[@noone4479]

When the state is most corrupt, then laws are most multiplied. - Tacitus

[@bobbyadkins6983]

Explains why America has more laws than we can count!

[@smokedbrisket3033]

Also translated as "The more corrupt the state, the more numerous the laws."

[@123Goldhunter11]

It's like music. When it gets too complicated and glittery - the next generation takes it back to the garage.

[@sunnywaffles3723]

Thats very true

[@3PercentNeanderhal]

Except this time it's likely to end up in the scrap yard

[@mobiditch6848]

@@3PercentNeanderhal you’ve just predicted the next wave. A formula for success would then be to simulate the “fad” then sell it to the record companies securing for yourself a plush executive position as the genius of “junk yard bands”.

[@3PercentNeanderhal]

@@mobiditch6848 its not a prediction its omniscience

[@hondo3004]

Good call. Warrant gave us Nirvana and Pearl Jam. Thanks Warrant!

[@Ntmoffi]

Everything the government touches it f*cks up.

[@kenm.7651]

Politicians just want to see if they can get a ‘cut’ of any future profits.

[@dizimz]

“Whats in it for ME” -everyone in washington

[@DenTheGodKing]

I’m drifting further and further libright everyday. Keep up the good fight John!

[@ACreeber]

Stossel has taught me more than any school teacher ever did ♥️

[@sebastiantrias1529]

You should bring back Peter Thiel he’s making big moves now.

[@kingofthorns203]

Give me Thiel over Soros any day.

[@mirzaahmed6589]

Moving to New Zealand?

[@sebastiantrias1529]

Mirza Ahmed With the crazy prime minister no.

[@bincho9144]

interesting bit about the vaccines since regulations were ignored a bit for the new vaccines for covid. interesting to see how it has aged.

[@Je3perscre3pers]

yeah i wish people would pay more attention to that important 30 seconds. Its very important to todays current events

[@damianpos8832]

Thats great.. Now lets force everybody to take it, by making basic living criminal activity.... Awesome garanteed profit.. Thats how capitalism is done

[@gjk1504]

@@damianpos8832 I would say a good part of that would be how socialism works.

[@jacobawojtowicz]

@@damianpos8832 since when does capitalism involve force? You're thinking of government.

[@emperorantarctica6210]

@@damianpos8832 How is that related to capitalism?

[@dont4143]

This why lobbyists should be "regulated" out of existence.

[@Barskor1]

That would be like drug dealers/politicians saying they will no longer sell drugs/power of the office.

[@volition51]

Or just get rid of the regulations.

[@ernestbywater411]

You forgot to mention the single biggest political roadblock to innovation: Politicians paid by the lobby groups that MAY lose money should a new invention get through and approved.

[@groove9tube]

In my town the state DOT has been working on a 5-mile bypass for 25 years.

[@nicfeller]

Thiel and Stossel ❤️❤️❤️

[@kingofthorns203]

Seriously, two of my favorite people on the planet.

[@nathanielbrown2187]

John Stossel for president 🙌

[@stevenyoutsey8989]

You just have to find your happiness, I love STOSSEL to no end but all of his videos can get me down. Remember life is worth living and fighting for

[@bonnienedza55]

You are soooo right.

[@stevenyoutsey8989]

@@bonnienedza55

[@SenorAhole]

I've been working in construction for 12yrs on billion-dollar-projects. Don't rush, seen too many accidents.

[@LordsofMedia]

Yeah, the examples complaining about safety regulations really aren't good examples of over-regulation.

[@nerdy1701]

Right! And with the train thing the reason we have those regulations that europe does not is because are tracks are not maintained to the same standard (Due to wide open country) and they are built differently.

[@friguyzero]

The video feels like it just cuts off at the end.

[@OGWanderingNomad]

Oh boy, i sure do love us common folk being over regulated, over taxed yet under represented! Let's vote for more of it!!

[@BurnCrushExecute]

That's the reason small businesses fail or just don't even try to start. *Too much regulation.*

[@mbradley274]

...and yet I've seen hundreds of code violations that got by building inspectors without being mentioned while the biggest complaint among construction workers is that "I don't get paid if I do it right. I only get paid if I do it now."

[@matthewrix1047]

So if building inspectors don't work why have them?

[@mbradley274]

@@matthewrix1047 Some building inspectors do work, but definitely not all of them. Also, some construction companies are not above cutting costs by any means necessary.

[@johnree6106]

The funny thing is that it only works if all regulations agencies agree. I seen where building code at a restaurant says kitchen doors have to open one way, but the health inspector says it has to swing the other way so you are in violation Ethier way and the government gets its money 🤣

[@hbarudi]

5th reply: Just like in China and other places, soon all our buildings will be frail and break easily, they even put 30 year expiration dates on buildings...

[@Kalaninumberone]

Political CEO’s support the very people that create the regulatory hell they have to deal with.

[@rainphantom]

Oh my god, this government involvement is insane

[@Barskor1]

Power is addictive like heroin.

[@ficsitinc.pioneer8695]

Considering 60 people died building the world trade center, yeah, I'd assume they're involved.

[@Barskor1]

@@ficsitinc.pioneer8695 Dangerous freedom or peaceful slavery pick one because you can't have both.

[@ficsitinc.pioneer8695]

@@Barskor1 How is government regulation slavery? This is what kills me, every one of you libertarians think it's Overregulation when the government puts a stop to maximizing profit because it's dangerous. Thousands, upon thousands died in the 1800's working in factories/cotton mills, that's what a truly libertarian society looks like, where the government doesn't stop companies from committing immoral actions for larger profit margins.

[@Barskor1]

@@ficsitinc.pioneer8695 We used to have this thing called Common Law in the Western world where if I worked for you and if I was injured or killed on the job because of shoddy and dangerous equipment etcetera I or my family could make the business owner pay restitution the government got rid of that and then this BS we have now replaced it all you did was shift power and profits to the government. What actually stops companies from committing those atrocities is having many more businesses so that the workers can choose to go where they are paid more and have a safer work environment but the high cost of regulatory compliance and licencing prevents that leaving us with the Oligopoy we have now of government cronies.

[@uberlin1577]

@Stossel: one of the BEST videos I've seen on your channel! Very satisfying blend of detailed research, satire, and flawless editing

[@ouss]

Peter Thiel is the only thing good about Silicon Valley

[@Stretch501st]

There are a lot of good things about Silicon Valley, and up until recently, one of the reasons it prospered because it was a new industry and technological Renaissance, not bogged down by Washington. Yes, most of the parts and components are made in foreign countries like Japan and China, but it does employ hundreds of thousand of American’s in design and management of the products and businesses with high paying, good benefit jobs.

[@caster863]

John I love your videos. I sometimes even watch them as entertainment.

[@kingofthorns203]

I binge them over wine all the time :)

[@lazerusmfh]

As a child, we did Cub Scout olympics with over 100 scouts. I remember being so nervous and sad at the awards ceremony after they announced third and then second place. I was sure I didn’t place. Turns out I won first place. It was a great feeling of accomplishment. I couldn’t imagine getting a trophy for something I didn’t legitimately earn. Kids are much more mature in certain ways than we think. I praise my son when he does something really good, but I am not afraid to teach him that failure is okay. It’s quitting altogether that’s the problem.

[@johns7734]

This is why the most feared words heard in any business office are, "I'm from the government. I'm here to help."

[@AntisocialRedNeckNerd]

This only makes it more amazing how operation warp speed was successful in less than a year.

[@djm5687]

It was a success, but Trump still got voted out.

[@AntisocialRedNeckNerd]

@@djm5687 Mainstream news media lies are in large part the reason. That is why I like Stossel. He is not afraid to question the narrative.

[@patricknewlun7928]

We don't yet know if operation warp speed was a success. It will be a few years before we know whether or not the vaccines actually work and what the side effects are.

[@Stretch501st]

It was so fast, not because of politicians, but because of decades of research and testing in vaccine production methods and technology. Yes, lots of government grants used over years, but for most part it was private industry and private universities by itself.

[@LucidDreamer54321]

But that was done for political reasons. You can't escape politics. Everything is politics.

[@bluegriffen88]

I'm constantly saying this the answer to every single question in life is less government. My wife "Hey where do you want to go to lunch today?" I say "less government" she says "that sounds great".

[@mirzaahmed6589]

You're a lucky guy.

[@anthonyraineri5190]

I am from the Government we are here to help ~~ Ronald Regan

[@Zeakthecat]

this is why there needs to be a clause in the constitution requiring the government to compete with both the private sector and the other countries of the world, instead of actually regulating them.

[@ADAMREES-GRITGYM]

Phenomenal video John!! Thank you

[@hk3967]

This is why we need a small government. Private companies just run things better!

[@michal.abramowicz]

But tech companies can now rule you. Cancel on fakebook, twatter, youtube and others. Just imagine that you cant pay because you wrote somethin somewhere. But in overall, goverment companies sucks. And same way big private companies sucks as well...

[@arkai4087]

Alright let facebook, google and tinder run the country. See how that goes.

[@markyuto6820]

@@michal.abramowicz That's when Teddy Roosevelt comes in. 😈

[@markyuto6820]

@@michal.abramowicz So everything sucks? Humans sucks? The earth sucks? You don't see anything "positive" at all? 🤡

[@kingofthorns203]

Peter Thiel is changing the world. It would be an honor to work for him one day.

[@bruces12]

I'm with the government, and I'm here to help!

[@Swenthorian]

Something you missed, though, Stossel: Some of these tech companies were allowed to get so big, that they could make the government do their bidding. Now tech is starting to turn into what the rest of the economy is: a bureaucratic oligopoly.

[@juliantheapostate8295]

So common that it even has a name: regulatory capture

[@paulfaber6227]

When the State is corrupt the laws become most multiplied said Tacitus over 2000 years ago.

[@desertodavid]

3:45 when I first got married my wife referred to their little public swimming pool in Watervliet New York as "The Polio pit". 😆

[@justdriftingthroughlife9378]

And it was the government's job to ensure monopolies wouldn't form to stifle competition, yet, the government has failed at that task too. Government isn't the cure to solving problems. It only creates new ones.

[@M0rshu64]

While some regulation is necessary, the amount of red tape we currently have is absolutely ridiculous.

[@clankster0000]

People in government making these rules usually have no business experience at all and that's the problem.

[@obozomustgo5449]

I am forever amazed at the people who, despite all the evidence in front of their faces, place their trust and faith in failed bureaucrats and lying politicians to organize their lives and activities. It's simply astounding!

[@robertortiz-wilson1588]

More people need to understand this. I know I did. Thank you!

[@maxtanner6229]

Well, enough mad moms complained and we started the chant "one death is too many" so we kind of asked for this.

[@LordsofMedia]

Never listen to women.

[@adamludwick9931]

I don’t know...Nancy Pelosi is on to something when she argues that we should have all male voting.

[@azmike3572]

I remember a quote from one of my college political science class books--"Those who have political power do not like to give it up easily". And so it also applies to government regulators.

[@littletime8849]

Thanks for sharing your thoughts! 👍

[@wg8304]

I need more Peter thiel

[@ethanbowman1493]

Stossle please do a video on whether or not school buses should have seatbelts There I fixed it

[@volition51]

It's not about whether school buses should have seatbelts. It's about whether school buses should be *forced by law* to have seat belts. One day, we will be able to understand the difference: when we understand *why* absolute freedom is necessary for human life.

[@imageignition23]

No seat belts, more padding

[@JudyJudyJudy44]

Weather ... whether ... makes little difference in English class today, right?

[@arcguardian]

@@JudyJudyJudy44 lol yeah, that threw me off.

[@kathyfahey5469]

I remember a study whereby they "proved" seat belts wouldnt help any, & also remember a factoid stating "cost". I would like to see that re-visited. And if "cost" is a problem for belts, they can remove all content & programs for diversity, gender equality & switcharoos, etc.

[@theknifeman7097]

Glad there is still at least 1 journalist left.

[@elcocoreyes]

love your videos...keep'em coming

[@exucaviera9084]

USA: watch us regulate the sh*t out of everything. Canada: hold my beer.

[@fixedG]

I'm terrified of Thiel's Palantir Technologies and its potential to empower a police state.

[@Cleron_O_Andarilho]

Here in my country its impossible to inovate, people and government try to focus on state onwed comapny, that in the end its just wasting money giving bilions to employes who do nothing.

[@Cleron_O_Andarilho]

@@massimilianoferrari7860 I am from South America, all here is like that, i cant say the country in the comments

[@Cleron_O_Andarilho]

@@massimilianoferrari7860 Yeah i heard of it, but in my case its high regulation and culture, starting a business or being a entrepeneur here is basically like saying the "n word" in USA. Most people study to work for the government where you earn 3x the private sector, have tenure and no accountability. Also, 70% of the fields are controlled by state owned companys with this type of employe.

[@mirzaahmed6589]

@@massimilianoferrari7860 Argentina does have a large population of Italian descent.

[@lucasfreitas4803]

@@Cleron_O_Andarilho and the education system never teaches you how to start a business or how to invest, they just say study this try to pass this and work for the goverment or starve on a minimum wage. no wonder the economy is going into shit

[@Cleron_O_Andarilho]

@@lucasfreitas4803 Thats is true, education here is to raise followers not leaders.

[@melaniedawn4256]

Please read the hundreds of books and papers on vaccines. Polio didn't arbitrarily paralyze anyone. It was gut damage from DDT allowing naturally occurring polio viruses in the soil (which still exist today) to enter the central nervous system. Salk was unable to reproduce paralysis with polio until he started injecting the particles in the nervous systems of monkeys. He was clued into this requirement because a high rate of paralysis occurred after tonsillectomies. So much more to the story, too. Please read some of the books.

[@JJ4444JJ4444]

Stossel is my Prophet.

[@rondunlop985]

"I'm from the government and I'm here to help." We all know what this quote and the joke of it implies. Sad part is the stups think instead of stopping any of the dumb crap they want to double down. Self interest almost dictates that govt employees vote for more government. I'd submit that anyone else advocating for more govt after all the recently compiled evidence is just duped.

[@timfenton7469]

Job security for federal bureaucracies.

[@russellbrown1068]

James Cameron’s “Skynet” is an Amazing concept as well.

[@alethiapotter9218]

Always look at pros & cons. Thank you

[@Jeffersonian1]

Government Makes Everything Worse Forever.

[@independentRestorationServices]

Talk about Uber and how they laughed at laws until they were big enough to lobby!

[@donwalker8508]

He left one amazing thing out at the end. Sensor

[@AJ-ew1lp]

James Burnham - "The managerial Revolution" has a good take on this issue.

[@HadToChangeMyName_YoutubeSucks]

If silicone valley had happened in Washington DC we'd still be using text over the internet and watching ASCII animations.

[@mirzaahmed6589]

I think silicone valley makes breast implants.

[@HadToChangeMyName_YoutubeSucks]

@@mirzaahmed6589 .... lol, yeah, you're probably more right than I am. The slip of a finger can determine the fate of nations.. I like to think I've been a factor, or maybe not.

[@denisceballos9745]

Amazing how the vaccine for Covid 19 was accomplished so fast and approved by the FDA, I believe.

[@thesaintmustwalkalone708]

It is not FDA approved... It is just fda recognized... That's how they get around the red tape. They also changed the definition of a vaccine so cvid would qualify and can't be sued.

[@LanceThompsonKssooner]

Big corporations love the regulations. That means YOU cannot compete. REGULATORY CAPTURE!

[@SquadJuiced]

We need more Stossels.

[@jblo6822]

It is astounding that people vote for more big government. We are no longer a free country.

[@Barskor1]

“When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.” ― Frédéric Bastiat

[@mirzaahmed6589]

People are scared into voting for more government.

[@Barskor1]

@@mirzaahmed6589 “...only those who have the will and the power to shoot down their fellow men, are the real rulers in this, as in all other (so-called) civilized countries; for by no others will civilized men be robbed, or enslaved.” ― Lysander Spooner, No Treason: The Constitution of No Authority

[@markyuto6820]

They're IDIOTS. And ignorant.

[@Kraigmire]

Some large companies push for regulations as a way to make it very expensive/difficult for newcomers to take a bit of their market share. Politicians are more than happy to take the money for this corruption, and then they tell us this regulation is being brought in for our protection.

[@volition51]

Another reason to get rid of all regulations.

[@sawyertargosz1396]

Two John Stossel videos in three days let’s gooooooo

[@user-jg6xu1kk1i]

Thiel 2024

[@danield1414]

No John, the government should take care of these things. Oh wait April fools was yesterday...

[@AppleMenace]

Regulations = everyone want's a cut.

[@KPC-123]

Damn John, what about workers dying during construction? The Empire State building took 15 months, but at a cost of 5 lives. The Twin Towers took 11 years total but only (.60) workers died....... ummm..no wait...got the decimal in the wrong.....no 60 workers died... okay then...ummm... ok John, you got a good point!!

[@Heartwing37]

Our enemies have been destroying us for decades!

[@kevindouglas8768]

The criminals are wordsmiths. Use words like CONgress instead of PROgress.

[@kingkaga898]

Big tech needs to be regulated though. They've had years of unfettered growth to the point where they actively conspire to keep out competition and manipulate services that are needed for political agency.

[@Ih8GoogleandApple]

Peter Evan Welch was the most fun actor to watch on Silicon Valley. Long live Peter Gregory!

[@mirzaahmed6589]

"Monica, Peter Gregory is dead."

[@nathan4223]

Glad this guy is also in palantir. PLTR 🚀🌙

[@bobjohn2000]

This aged well. If trump hadn't gotten rid of the red tape for the covid vaccine, the approval time would likely be multiple years.

[@tylerwinning9069]

As far as I can tell no streaming service will provide CKY song Chineese Freestyle Rap (and the entire album with that song - big tech bows to China)

[@Ken-no5ip]

Then create your own that will

[@who_cares848]

Luckily I still have it on vhs. That shit was hilarious lol

[@ghrohrs2020]

I think we should create a committee for regulatory oversight that reports to another committee on regulatory under-sightedness, which will submit its findings to a committee for regulating the findings and producing a government report that gets sent to a congressional sub-committee for debate. That report will be sent for a study by a lobbyist sub-committee who will outsource their efforts to a third party committee who will take 12 years to determine "no action" and send their judgement back up the chain, forever. Oh, wait...we already have that perfect system in place. And, thank God it's been approved for more funding and an expanded staff. Great!

[@jason200912]

the empire state building is also a more resource heavy design than the WTO. The WTO fell because they made the interior so hollow that it was not strong enough to take a hit from a plane. However the WTO took a very heavy, diving speed jet. The reason the WTO won awards is because of how many resources they were able to skim out while keeping the structure strong. The empire state plane took a hit by a small empty bomber at (extra slow cruising speed).

[@mirzaahmed6589]

The WTC is the building. The World Trade Organization hasn't fallen.

[@jason200912]

@@mirzaahmed6589 thanks I always confuse the two

[@homewall744]

And it's only gotten worse in the past 5 years.

[@MichaelTheCelt]

What? Why would they mandate trains be heavier, that just makes them use more energy to move? I thought they want to be green lol

[@mirzaahmed6589]

The idea was that they would be safer in crashes involving long, heavy freight trains. They have changed the rules since then, and more commuter railroads are looking at getting lighter trainsets, like diesel multiple units.

[@samhsmith6998]

Do you have the full interview with Peter? If so can you release it/where can I find it?

[@TheBlackfire218]

Love Peter, providing capital to make the world a better place unlike the government

[@lethamorris9612]

Government wants to rule everything. That's why we need "The Convention of States" where Governors meet to take back the power from the Federal Government and give it back to the people more than ever. Encourage your State Governor to attend !!!!!

[@davidg2479]

normally I'm in favor of less regulation rather than more, but the fact that Facebook was never regulated and still isn't is a tragedy. they're an absolute monster now...

[@dk-bw4gk]

They are regulated. It's that the regulation is just that bad.

[@Rex-sy8ye]

In the past few years we have been seeing more concern over online privacy, so that's something at least.

[@dk-bw4gk]

@@Rex-sy8ye Yeah, but a privacy bill bill just passed in California that does nothing but create another Digital Privacy department (paid for either by taxes or internet bills) with a whole new layer of bureaucracy that will only stifle the small guy trying to make a webpage. It will end up doing nothing, just like that law that enforces all those "accept cookies" popups.

[@LordsofMedia]

People have the choice to not feed the monster by not using facebook. Facebook offers very little in actual services.

[@LordsofMedia]

@@clumsyclicker3199 What service does it provide?

[@rfreitas3298]

Came to South America and you will see real bureaucracy

[@SpidermanandJeny]

I work in high rise that's being built and I find it amazing the Empire State Building was built so quickly. I can guarantee you there is A LOT more than regulations for why high rises take longer today. Some of it good and some of it bad.