Broad Deregulation Programme
Core Principle
The state should not regulate private consensual behaviour or economic activity unless there is clear initiation of force, fraud, or significant uninternalised externalities. Most current regulation fails this test and should be repealed.
Key Areas of Deregulation
- Employment & Labour Law — Full freedom of association. Employers and employees may contract freely. Anti-discrimination and equality laws repealed.
- Banking & Finance — End of routine state intervention. Banks and financial institutions responsible for their own capitalisation and risk management.
- Energy & Utilities — Full liberalisation. Safety handled via tort and insurance markets.
- Product & Professional Standards — State licensing largely replaced by private certification bodies and reputation markets.
- Health & Safety Regulation — Replaced by Common Law negligence claims and voluntary insurance standards.
Regulatory Replacement Strategy
Existing regulators will be privatised and turned into competing certification and standards bodies. Consumers, insurers, and courts will decide which standards are credible.
Examples:
- Food safety → private certification + tort liability
- Building standards → insurance-driven and private engineering certification
- Professional licensing (doctors, lawyers, engineers) → market and professional body oversight
Interaction with Other Policies
Deregulation works synergistically with:
- Common Law & Torts — primary dispute resolution mechanism
- PETS — handles diffuse externalities through prices
- Planning Reform — replaces zoning with property rights
- FLIP Justice System — strong enforcement against fraud and force
Transition & Safeguards
Deregulation will be phased over 10–15 years, starting with the most burdensome rules. Courts will be strengthened with additional funding and resources during the transition. The Jubilee mechanism ensures repealed regulations are not easily reintroduced.
The Goal
A free and responsible society where individuals and businesses can act without unnecessary state permission, while genuine harms are addressed through clear liability, restitution, and market mechanisms.