"Business people should make no mistake about it: The
overwhelming percentage of laws and regulations that govern
the operation, management and marketing of business in the United
States are now made in the 50 state capitals.
The pendulum that has swung throughout the nation's history
between lawmaking in Washington and in the state capitals has
landed again in the states - those 50 'laboratories of democracy'
where new ideas for business regulation are floated every day.
This time, there is a whole new dimension to the 'New Federalism'
policies espoused by Presidents Nixon and Reagan: The Newest
New Federalism is not a system in which a single state legislature
merely develops a novel regulatory policy for that state alone.
Today's brand of the New Federalism calls for lawmaking by interstate
collaboration as never seen before in the nation's history."
