Robert MacCulloch: The Titanic Submarine causes a Global Health & Safety Fight to Erupt - It is of Great Relevance to NZ

One of the planks of National & ACT's touted differences with Labour in terms of election policies is cutting "red-tape". Ironically, National introduced more red-tape than ever when last in government, including sweeping health & safety laws, regards which John Key once belittled my suggestion of subjecting them to a formal cost-benefit analysis.

What's the problem economists have with too much regulation? It can stifle innovation & long-term prosperity, hurting people way more than protecting them from injury right now.