Responsibility not regs

Posted Tuesday, Apr. 29, 2014  comments  Print Reprints

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“Rules, oversight might have prevented West blast” — and I might have won $400 million if I’d paused five seconds before picking my last Lotto Texas number.

Let’s not expect the government to regulate every last detail of every business and every event in our lives!

Owners of businesses need to be competent, make prudent decisions and assume full responsibility for their actions.

Suppliers of potentially dangerous materials and devices need to be held as accountable as bartenders selling alcohol to drunks.

Anyone providing financing needs to feel confident that the risk for failure, either by management that can’t make a profit or can’t prevent disasters such as the West explosion from happening, has been addressed in regard to all aspects.

Much more efficient and effective than government regulations is giving all individuals the freedom to decide how to run a business but requiring them to take full responsibility for harm caused to any individual or property as a result of their actions.

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