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police power
(redirected from Regulatory State)

   Also found in: Legal, Encyclopedia, Wikipedia 0.02 sec.
police power
n.
The inherent authority of a government to impose restrictions on private rights for the sake of public welfare, order, and security.


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He describes how the regulatory state is vulnerable due to one-sided economic thinking and the dominance of steering by regulation, with exclusion of politics and ethics.
Another reason for the increasing regulatory state is that politicians and policy officials, regardless of party, feel they owe something to their constituents--those who helped them attain their positions of influence.
Lawrence said the preponderance of mortgage fraud and foreclosures only indicates the failure of the regulatory state.
 
 
 
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