It effectively outlawed handmade toys."Īfter small toymakers screamed about that, Congress exempted toymakers that make fewer than 7,500 toys per year. That could cost you $1,000, and you're not going to sell your wooden toy for $1,000. But if you are a grandpa making little wooden handmade toys, you'd have to hire some third-party tester. "If you're trying to test 1,000 Barbie dolls," he replies, "that might be fairly efficient. That sounds like they just want to protect children, I tell Carney. When the big toymaker Mattel was caught selling toys that contained lead, its lobbyists got Congress to force all toymakers to do expensive lead testing. ![]() "If Jeff Bezos wants people to be paid more," Carney responds, "he can pay people more! But what Bezos is trying to do is outlaw competing business practices." "Maybe Bezos really just does want people to be paid more." When you turn to government to regulate your competitors out of business, that's where we need to say this is wrong." "Capitalism is a cutthroat thing," says Carney. Why?īecause big business can afford robots. But big companies like Walmart, Costco, and Amazon lobby in favor of it. ![]() "When government gets bigger, whether it's through spending or taxes or regulation, the big guys, big business benefits."Ĭonsider the $15 minimum wage. "Big business and big government are not enemies like a lot of people think they are," says American Enterprise Institute fellow Tim Carney in my new video. Unfortunately, most people don't realize that those laws often help big business while hurting consumers. Politicians say they pass laws to "protect Americans from big business."
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