Tuesday, 28 November 2006

Tories still "pro-business"?

The Conservatives are trying to reassure the business community that they're still pro-business, despite wanting to introduce a new "green levy" if they win the next general election.

George Osbourne made a speech to the CBI, stating that little else could be achieved without a free and strong economy.

Of course, the Tories are a party of big government. That can't be denied. But you know what? I'd rather they advocate the abolition of ALL taxation and regulations on business. Regulations on business only seek to hinder business. Businessowners spend more time completing forms, rather than actually making and selling their good or service. Such things can also deter entrepreneurship and new entrants into markets. Why enter business if it's very difficult to do so?

Also, in our very globalised world, countries would compete with each other for investment. A libertarian society, with no regulations on business, would attract business like a magnet. Companies in Western societies aren't outsourcing solely because of lower wage levels in the third world. It's also because Western economies are too over-regulated. Without any regulations, the economy would prosper to a greater degree and there would be higher rates of economic growth.