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Updated: June 2, 2025
She was wanting in every kind of self-regulation and ballast, even outwardly; she walked ill she stood ill she curtseyed ill sate ill and dressed ill; and occasioned, in consequence, much pain to her mother, who felt so acutely whatever was unpleasing; and this also was very painful to Petrea, who had a warm heart, and who worshipped her mother.
First, an habitually good child sometimes has a saturnalia of defiance and disobedience; a series of insubordinate acts are suddenly committed which really mark the first sudden epochful and belated birth of the instinct of independence and self-regulation, on which his future manliness will depend.
His rambling inclination satisfied, he had remained incognito for a time at Granada, until, by farther study and self-regulation, he could prepare himself to return home with credit, and atone for his transgressions against paternal authority. How hard he had studied, does not remain on record. All that we know is his romantic adventure of the tower.
It shrinks in terror from the thought that the same autonomy and self-regulation may be brought down from the stage of immensity into the play of everyday life and events. But we must penetrate still deeper.
Now duties should be recognised as divine commands, for the strongest motives, natural and supernatural, are needed for the regulation of the new impulses, passions, desires, half insights, ambitions, etc., which come to the American temperament so suddenly before the methods of self-regulation can become established and operative.
The second principle upon which the committee has acted in its specific recommendations is this: that the State should permit the utmost freedom of self-regulation if it provides quick and effective machinery for the punishment of fraud, and gives to each stockholder the right to obtain the fullest information in regard to his own rights and privileges before and after he becomes the owner of stock.
Undaunted by mounting evidence of market failures for instance to provide affordable and plentiful public goods this flawed theory returned with a vengeance in the last two decades of the past century. Privatization, deregulation, and self-regulation became faddish buzzwords and part of a global consensus propagated by both commercial banks and multilateral lenders.
This noble propensity seemed, alas, to have been tampered by avarice and narcissism and by the immature inability to postpone gratification. Self-regulation failed so spectacularly to conquer human nature that its demise gave rise to the most intrusive statal stratagems ever devised.
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