The federal government helps businesses protect their innovations and creative works through patents and copyrights, and their reputations through trademarks. Why does it do this? For the same reason state and local governments protect citizens’ ownership of cars and homes. It ensures peace and prosperity. What’s new is that the federal government’s role in protecting “intellectual property” is growing. And businesses are all for it.
The Postal Service
The U.S. Postal Service is losing billions each year, partly because of changes in how we communicate and partly because of bad laws. But the trouble really began in 1970, when Congress told the Post Office to start acting like a business. Turns out, the Postal Service isn’t a business, and most Americans would be outraged if it ever acted like one.
Consumer Product Safety
In 1972 the federal government created a new agency, the Consumer Product Safety Commission, and gave it an impossible task: make hundreds of thousands of consumer products, from children’s sleepwear and bedding to hand tools and recreational vehicles, safer. Here’s how the CPSC succeeded by focusing on the most troublesome products, keeping a watchful eye on others, and using a “trust but verify” approach.
Workplace Safety
Until the 20th century factory, railroad, and mine work was nasty and brutish, and the lives of workers were frequently short. Gradually, governments brought humane processes and healthier working conditions to the private sector. Here’s how they did it in three large waves of reform.
Dependable Insurance
Insurance is critical to our economy and our lives and, taken as a whole, surprisingly big. Americans spend nearly as much each year on insurance coverage as on food. But insurance rests on a promise that, if the worst happens, you will be protected. Why should we believe that promise? Because for nearly 200 years, state governments have audited insurance companies’ books and watched their payment records to be sure they keep their word.