Proposition: The Regulatory State Is The Greatest Evil In Economics in 4 - Politics Posted November 26, 2017 5 hours ago, jts said: Everyone who knows Objectivism knows the Objectivist answer to that. In Objectivism the one and only proper function of government is to protect individual rights. So if you want to know what degree of regulation is too much, you ask 2 questions. 1. Does it protect individual rights? If not, it is wrong. 2. Does it violate individual rights? If so, it is wrong. What about safety. How about regulations forbidding some individual trucker from schlepping TNT through a residential neighborhood? His individual right is trumped by the principle of public safety.