Read the column here.
Thousands of self-employed businessmen, artists, and boutique owners who make or deal in hand-crafted children’s toys, clothes, or furniture could be out of work next month. A 2008 federal law, with the salutary-sounding name “Consumer Products Safety Improvement Act,” could drive these craftsmen out of business.Big toymakers, who helped write the bill, are ready for the regulations that will go into effect Feb. 10, while smaller toymakers look likely to suffer. It’s another example of how Washington, when it regulates an industry, often helps the biggest businesses in that industry while crushing the smaller guys.
Friday, January 30, 2009
Washington toy story shows why regulation helps the big guys
My Examiner column today delves into another case of big government killing small business through big-business-supported regulation--this time, with toys: