In light of Senator Warren’s latest shenanigans, I suggest reading Robert Higgs on “regime uncertainty.”
Higgs:
In my conception regime uncertainty pertains above all to a pervasive uncertainty about the property-rights regime — about what private owners can reliably expect the government to do in its actions that affect private owners’ ability to control the use of their property, to reap the income it yields, and to transfer it to others on mutually acceptable terms. ‘ Will it leave titles in private hands but strip the owners of real control and profitable use of their properties? In any event the security of private property rights rests not only on the letter of the law but also on the character of the government officials who enforce — or threaten — presumptive rights.
That “leave titles in private hands but strip the owners of real control over private property” is essentially what Senator Warren proposes to do with every U.S. firm with revenue more than $1 billion, dictating to these firms the composition of their boards, compensation structures, and — critically — limiting their political activities.