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Pure deregulation, to me, is a mythical concept that does not actually exist.. like the "free market."
That is what I am saying: it is impossible.
cletus, i actually agree with you, not so much that it's a mythical concept, but rather that it will never happen. i personally would like to see a 10th amendment president dish it all out to the states. i'm a believer that competition is the force which makes everything better in life. if there is one thing that i hate it's monopoly. monopolies make everything in life worse imo. in saying that, i don't distinguish between private and govt competition. govts should compete to show that they can deliver the best services for the lowest price. now i can understand that for smaller states to regulate everything would be cumbersome. they could however privatize the function or share the it with other states or they could deregulate totally. the first state to do so would experience an influx of new business in that field
cletus, i actually agree with you, not so much that it's a mythical concept, but rather that it will never happen. i personally would like to see a 10th amendment president dish it all out to the states. i'm a believer that competition is the force which makes everything better in life. if there is one thing that i hate it's monopoly. monopolies make everything in life worse imo. in saying that, i don't distinguish between private and govt competition. govts should compete to show that they can deliver the best services for the lowest price. now i can understand that for smaller states to regulate everything would be cumbersome. they could however privatize the function or share the it with other states or they could deregulate totally. the first state to do so would experience an influx of new business in that field
"The regulatory failures that helped to worsen the financial crisis were largely a result of an outdated system that had been designed to handle traditional banking transactions, such as deposits and loans, and was not geared for the “revolution in banking” that occurred in the past 30 years, said David S. Scharfstein, Edmund Cogswell Converse Professor of Finance and Banking at Harvard Business School."
cletus, i actually agree with you, not so much that it's a mythical concept, but rather that it will never happen. i personally would like to see a 10th amendment president dish it all out to the states. i'm a believer that competition is the force which makes everything better in life. if there is one thing that i hate it's monopoly. monopolies make everything in life worse imo. in saying that, i don't distinguish between private and govt competition. govts should compete to show that they can deliver the best services for the lowest price.
we agree on that. increasing competition is a critical goal.
the people i typically disagree with are those who say that deregulation always increases competition. i think the reality just isn't that simple.
i'm a believer that competition is the force which makes everything better in life. if there is one thing that i hate it's monopoly. monopolies make everything in life worse imo. in saying that, i don't distinguish between private and govt competition. govts should compete to show that they can deliver the best services for the lowest price.
So law enforcement should be privatized? What about the military?
I'm not really understanding the reasoning behind continuing deregulation. That's like if after the 9/11 attacks it was discovered that airport security was too lax. But when politicians then make policies for greater airport security, you don't support them because it might decrease some incentive to fly.
A panel of Harvard economic experts in examining the causes for the recession deemed deregulation was one of the major factors. How can solve a problem without going to its roots? David S. Scharfstein, professor of Finance and Banking at Harvard Business School said one fo the reasons for the recession was "We did not adapt a regulatory system to deal with that new form of banking" or "Shadow Banking" as he calls it. He also says that the Dodd-Frank reforms are an important first step in creating a regulatory regime that can begin to police banks more strictly.
harvard, mit, princeton, yale have hosts of economists. for this argument, i'll divide them into 2 groups. those who accurately predicted the housing bust and the resulting financial crisis and economic depression. then there are the ivy league economists who didn't predict it, or saw a small slowdown.
now i know who i'd be lisetning to, and those economists didn't suggest for one second that a lack of regulation would result in a huge collapse.
So law enforcement should be privatized? What about the military?
large parts of law enforcement and the military are privatized. ever heard of a security guard. how about blackwater? heard of them.
that however is not what i propose. from a law enforcement point of view, i believe the people should do the majority of the police work. imo, law enforcement is first and foremost a community function. the big problem with this is that 90% of the laws are considered unjust by the people. to enforce the kinda law that the big boys want enforced, they have to hire mindless thugs without conscience.
i don't agree with defense contractors and i don't agree with privatized prisons. i'm a bit torn on the issue of a draft but that's another issue.
harvard, mit, princeton, yale have hosts of economists. for this argument, i'll divide them into 2 groups. those who accurately predicted the housing bust and the resulting financial crisis and economic depression. then there are the ivy league economists who didn't predict it, or saw a small slowdown.
now i know who i'd be lisetning to, and those economists didn't suggest for one second that a lack of regulation would result in a huge collapse.
Just to sum it for you, Yale economist predicts recession and advocated the creation of a new federal commission, modeled after the Consumer Product Safety Commission, to detect abusive lending practices that critics say were common in the market for loans made to people with weak credit.
large parts of law enforcement and the military are privatized. ever heard of a security guard. how about blackwater? heard of them.
that however is not what i propose. from a law enforcement point of view, i believe the people should do the majority of the police work. imo, law enforcement is first and foremost a community function. the big problem with this is that 90% of the laws are considered unjust by the people. to enforce the kinda law that the big boys want enforced, they have to hire mindless thugs without conscience.
i don't agree with defense contractors and i don't agree with privatized prisons. i'm a bit torn on the issue of a draft but that's another issue.
So then you basically just recanted your own statement that competition always makes things better.
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