Formula for excess profits: load regulatory board with industry insiders, use laws and regs to prevent competition

by admin on August 25, 2010

Great article in the WSJ by Jennifer Levitz titled “Coffins Made With Brotherly Love Have Undertakers Throwing Dirt” about a state funeral regulatory board, dominated by industry members, and a Louisiana law that makes it a crime for anyone but a licensed parlor to sell “funeral merchandise,” including handmade coffins by monks at a monastery.

Excerpts:

  • “They’re cutting into our profit,” says Leonard Dunn, the owner of Serenity Funeral Home
  • “The morticians are serious. Violators such as the monks can land in jail for up to 180 days.”

It’s a perfect example of an industry using government regulation to protect itself at the expense of consumers and prospective competitors.

I challenge any or all members of the Louisiana state funeral regulatory board to publicly debate me on in this in person, I’d be happy to fly down any time with a month’s notice.  Be warned: you will get your ass handed to you!

Economic stimulus without taxpayer expense while shrinking government: cut the red tape and eliminate anti-competitive laws that serve no purpose beyond preserving profits for a select group of cronies.

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Formula for excess profits: load regulatory board with industry insiders, use laws and regs to prevent competition
August 25, 2010 at 3:11 am

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Kimberly August 25, 2010 at 7:07 am

What a disgrace. They should be ashamed.

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