These are the three upcoming California Special Election ballot issues that are the 'no-brainers' of the ballot. As a libertarian-leaning conservative who is a strong supporter of "promoting individual liberty and economic freedom through the idea of limited government, private property rights, and free market capitalism" (as our masthead states), I emphatically urge everyone to VOTE NO on 78, 79, and 80. All three are anti-capitalist, pro-big government measures that will result in shortages and more regulation.
Prop 78 and Prop 79 are competing attempts to regulate prescription drugs. One is sponsored by the drug companies, the other by trial lawyers and consumer advocate groups, and both would mean government regulation of prescription drug costs. Government imposed cost controls always result in lower quality, lower supply, and frustrated consumers. I cannot think of a single circumstance where the imposition of government bureaucracy and regulation has resulted in lower costs, more choice, better quality, and more supply. The opposite is ALWAYS the result.
Prop 80, if passed, would re-regulate California's electrical supply. While deregulation of a decade ago was poorly planned, and even more poorly executed, the re-imposition of government controls is not the answer. Like Prop's 78 and 79, the result will be less supply, fewer choices, and lower quality.
If you doubt my conclusions on free markets versus a regulated market, consider how the telephone service market developed. First, under the regulated market of the first five or six decades of telephone service here in the USA we though we had good prices, features, and quality. However, compare those days to the current, relatively unregulated mobile phone market. Prices are lower, features are too many to list, and long distance is FREE! In addition, the monthly costs keep dropping, and the features list grows longer.
Don't put the prescription drug market nor the electrical markets back into the stone age.
Vote NO on 78, 79, and 80.
California Special Election