John Hutton Quotes


And, in the past, it has been all too easy for legislators to load costs onto business in order to meet broader social goals. And costs for business means costs for consumers.


Citations

Hutton, John. "Speech on EU Better Regulation." Cabinet Office, Government of the United Kingdom, 2005.

Related Quotes

For many general government regulations—labor, environment, non discrimination—the small business has a proportionately heavier burden of compliance. So large businesses have always been able to count on small business to lobby against regulation and for deregulation. However, when it comes to financial regulation such as the Dodd-Frank regulations essentially apply to large businesses. As a matter of fact, small businesses were on many ways the most frequent victims of the large banks and investment bank excesses in the Meltdown of 2008. Before most of the regulations could even take effect, the financial industry was already trying to get small business to lobby to roll back the protective regulations preventing future meltdowns and bank failure resulting from loose regulation and greedy irresponsible financial industry behavior. The President campaigned to convince the small business not to support the finance industry over their usual “knee jerk” reaction to any regulation.


At that period of American History, the Republicans supported high tariffs and protectionism for American companies and it was the Democrats who were the advocates of free trade. Later each of the parties would flip flop their positions and then say that they were advocating their traditional principles.


A constant major issue in industrial democracies are the perceptions, rights and responsibilities of corporations. For those like Romney, corporations should have all the privileges, empathy, rights and obligations of individual people. To most others a corporation is morally and practically a different entity. See {586119}.


John Hutton
John Hutton
  • Born: May 6, 1955
  • Nationality: English
  • Profession: Educator

John Matthew Patrick Hutton, Baron Hutton of Furness, PC is a British Labour politician who was Member of Parliament (MP) for Barrow and Furness from 1992 to 2010 and served in a number of Cabinet offices, including Defence Secretary and Business Secretary. He is a former Chairman of the Royal United Services Institute.