Angela Scharf, Chapter 13, Q.6

     A part of the reading that interested me was the passage about no excessive regulation. This section refers to the government regulations that are unnecessary and provoke corruption within the bureaucrats. Government officials, especially in underdeveloped countries, tend to enact excessive civil codes and rules that make opening businesses difficult and unnecessarily time consuming. The natural human tendency is to want to avoid these regulations, and in order to do that these entrepreneurs pay off individuals in the government, further promoting corruption. This allows the business to open earlier, but sets their income back because of the cost of bribes. This passage explains that the excess regulations are only helping the well-off government officials, while discouraging business owners who need the money. This cycle proves to be detrimental because these excessive codes decrease productivity and potential spending, therefore bringing down the GDP and doing more harm than good.