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Were any of those past recessions caused by lax regulations as far as them contributing to their recession? Our current recession has the issue of regulations playing a big part in it.
Over regulation and government over reach, has been the cause of every recession.
The earth is maintained and evolved by the rule of life.
Only the strong survive.
When mankind tries to control that in the name of humanity, the entire species pays the price. The weak still die, while pulling the strong down with them, making them weaker, to be next in line. The species fails and a total collapse of mankind, back to the dark ages.
Over regulation and government over reach, has been the cause of every recession.
The earth is maintained and evolved by the rule of life.
Only the strong survive.
When mankind tries to control that in the name of humanity, the entire species pays the price. The weak still die, while pulling the strong down with them, making them weaker, to be next in line. The species fails and a total collapse of mankind, back to the dark ages.
So what group of people are you referring to as the 'weak' that will pull down the 'strong'?
Were any of those past recessions caused by lax regulations as far as them contributing to their recession? Our current recession has the issue of regulations playing a big part in it.
I wish I could offer you a more concise answer, but the issue of regulations being too great or too few is a recurring one. I have to answer in the form of a question, doesn't seeking further deregulation also encourage poor practices as we so often see in tainted goods from China? Not to mention the abysmal environmental records of such countries? So if we seek to be more like them in terms of regulatory aspects, then isn't there a substantial risk that we end up having a society that is reflective of theirs, namely that they often resemble serfdoms?
Well the thing to keep in mind about China and regulations is that the Chinese government is still very repressive so I'am not surprised that a government that doesn't want democracy for it's people would be hard headed when it comes to common sense saftey regulations. Hopefully the responses to Chinese made products with the various recalls will make them change their attitudes since Chinese products now have a bad reputation for saftey and health violations. I wouldn't buy a kid any toy or jewelry made in China.
Kinda makes you want to chew on barbed wire, doesn't it?
The 1920 Depression is by far the most dramatic of all time.
The reason you don't hear about it, is because of the Conservative Capitalist, the strong will survive attitude and they let the economy eat the weak and work itself out. No bailouts. No new deals. no selective handouts. no unemployment checks.
18 months, we had the most prosperous time in our nations history.
The Government didn't even try to save anyone.
Without risk, there is no reward. With risk, there is a good chance of failure.
Government is not momma and daddy to come bail you out of a bind.
When they get involved, it slows down the inevitable. That is why 1933 was drugout so long.
They too didn't want the banks to fail. If they would have just let them do their thing, it would have been over in less than 2 years, too.
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