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On Monday, the department of labor announced new steps to stop exploitative child labor. Biden officials say they'll ask Congress to increase funding for inspectors and to increase monetary penalties. But on the basis of my experience, I know that industry lobbyists will fight these steps tooth and nail. And most Republicans (along with some Democrats) will do their bidding, because many of these companies finance their campaigns.
The problem extends far beyond child labor. On February 3, a freight train carrying hazardous materials derailed in East Palestine, Ohio. The result was a massive fire with plumes of black smoke, an evacuation order, and worries about the impact on the environment and public health.
Amid mounting criticism that Biden did not personally visit East Palestine, Donald Trump showed up. He handed out branded water bottles and bragged afterward about the "incredible reach" of his visit in the media and online.
Yet Trump oversaw a major rollback of rail-safety regulations after the rail industry delivered more than $6 million to GOP campaigns. Backed by Senate Republicans, the Trump administration rescinded part of an Obama rule requiring railroads to have better brakes, and it killed requirements that rail cars carrying hazardous flammable materials be equipped with electronic braking systems.
Norfolk Southern had once touted electronic breaking systems, but the company's lobbyists pressed for the rule's repeal, telling regulators it would "impose tremendous costs without providing offsetting safety benefits." The argument prevailed with Trump officials. (The Biden administration has not moved to reinstate the brake rule or expand the kinds of trains subjected to tougher safety regulations.)
Ever since Ronald Reagan decried government regulation as strangling the economy, Republicans have resisted all efforts to constrain corporate greed through health, safety, environmental, and labor protections. In Congress, they've starved agencies of funds they need to enforce regulations, or kept penalties so low that regulations don't deter corporate misconduct.
When they control the White House, they rescind tougher rules put in place by previous Democratic administrations, and staff regulatory agencies and departments with industry stooges—foxes guarding hen houses—to ensure that proposed regulations are slowed and that enforcement is hobbled.
Their argument is always the same: Regulations stifle growth and jobs.
But just as Republican tax cuts for big corporations and the wealthy have not trickled down, Republican regulatory cuts have not benefited most people. Big companies and their major shareholders enjoy larger profits, but average working people bear the costs and risks. Citizens in places like East Palestine, Ohio, become sickened by toxic plumes. Children fleeing violence and poverty in Latin America become injured on jobs they should never have been offered.
Capitalism needs regulation if it is to serve the public. Greed requires guardrails if it is to stay on track.
Robert Reich is professor of public policy at the University of California, Berkeley, and the author of Saving Capitalism: For the Many, Not the Few and The Common Good. His new book, The System: Who Rigged It, How We Fix It, is out now.
https://www.newsweek.com/republican-deregulation-dragging-us-back-19th-century-opinion-1784887
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