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Like I said before, there's no need to take our rights away when they can just make them completely unaffordable. Greed drives tyranny.
You mean Cliff and Klyph?You're both insane.
See there he goes making sense again...When the truth is insanity, only the insane can see the truth.
obama disagrees, just for the record.
socialist.
Obama says capitalism and liberty don't work - YouTube
Regulation is just red tape without enforcement. Regulation to the financial community is what steroids regulations are to baseball. If you don't "test" why wouldn't people abuse the rules?This one is kind of a mixed-response situation. In many ways he's wrong. It has worked and regulation has largely created more harm than it has spared. However, I am beginning to believe the problem to not be simply that the regulation exists but rather, that it is misdirected.
If legislators truly understood the dynamics of capitalism, regulation could be used to enhance the outcome. It's all about incentives and working them to the advantage of one party or the other. The steel tariffs in the 70's created incentives for foreign competition to make a better product at a lower price while disincentivizing advancement here. A policy that would produce the opposite effect would be met with an unbearable amount of opposition and would never make it off a jr. senator's desk...For Capitalism to work as designed, you need to remove the regulation all together.
I disagree with this. Haven't you ever read "The Jungle" ?For Capitalism to work as designed, you need to remove the regulation all together.