Business Quote by David Blum
““government can't do everything. That there are times where it can hit at market forces—that we've got to strike the right balance between free enterprise and government regulation to make sure the market is working for everybody.””
About This Quote
Source Interview: Market Regulation Discussion, 2015
Government should balance free enterprise with regulation to ensure markets serve everyone, not just profit.
In simple terms: Balance government and free market.
Key Takeaway
Find optimal regulatory balance.
Themes
politics
economics
regulation
Mood
critical
thoughtful
Type
political
economic
When to use this quote
- legislation drafting
- business ethics
- public advocacy
- economic reform
Key Concepts
market failure
public good
policy design
Questions to Reflect On
- What is the ideal level of regulation?
- How to measure market fairness?
A Different Perspective
Too much regulation can stifle innovation.
![“[Government] regulation is an imperfect substitute for the accountability, and trust, built into a market in which food producers meet the gaze of eaters and vice versa.” quote by Michael Pollan](https://sms4smile.com/quotes/img-quotes/264/michael-pollan-408_accountability_government-regulation-is-an-imperfect-su_363965.jpg)
![“[S]ometimes, when you are a food person, the possible irrelevance of what you are doing doesn’t cross your mind until it’s too late. (Once, for example, when I was just starting out in the food business, I was hired by the caper people to develop a lot of recipes using capers, and it was weeks of…” quote by Nora Ephron](https://sms4smile.com/quotes/img-quotes/d79/nora-ephron-1217_business_s-ometimes-when-you-are-a-food-person-th_980.jpg)
![“If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.” quote by Bertrand Russell](https://sms4smile.com/quotes/img-quotes/bad/bertrand-russell-69_acquire_if-the-state-does-not-acquire-supremacy_1379.jpg)