Dan Kone
Well-Known Member
It's not a poorly thought out opinion at all. If you let corporations completely off the chain and "let the free market sort it out", that would be a disaster. No, I can not prove that because no industrialized nation is stupid enough to try it so there is no sample size. But it's been proven over and over again that if there is any loophole that allows people to defraud the American public through corporations they take it.Got any proof that this is what would happen? If not then its just a poorly thought out opinion
I guess Enron, worldcom, Madoff, Goldman Sachs, etc are the evidence. If they can steal all our money, they will. That much is proven. Why anyone would think that if you took away all the rules that prevent or at least slow down their scams, they would all of a sudden be well behaved is beyond me.
Do you have any proof or evidence that it would turn out any other way?
No, what I said makes sense, what you said does not. If you take away the rules preventing them from ripping us off, they will. Where do you get the insane idea that corporations wouldn't defraud the public if we let them?If free markets = Fraud, controlled markets = unicorns shitting out skittles while jumping over fluffy clouds all the while rainbows pour out of its ass during a Marshmallow storm. Until the Fed is gone, they will be the ones controlling the destiny of this countries economic future not the state or the politicians or the markets, free or otherwise.
Controlled markets are the world standard, not some unicorn shit. Unlike "the free market", controlled markets exist. So if you want to compare anything to unicorns, compare it to the thing that doesn't actually exist, the free market.
Fair enough. The commodities futures modernization act deregulated derivatives, directly allowing investment bankers to defraud the public. The repeal of the great depression regulation Glass-Steagall allowed for investment banks, mortgage banks, commercial banks, insurance companies, etc to all merge into "too big to fail" financial conglomerates which led to the bailouts everyone hates so much.I don't think that, I know that. None of this could have ever happened before we started deregulating financial markets. ]
If you know if for sure why not provide examples or proof?
And you think by getting rid of those laws we will have less fraud? lol. GTFOhere are regulations against fraud, yet we still have fraud, there are laws against ponzi schemes, yet we still have ponzi schemes.
No Ernest , liberty didn't cause the economy to crash, financial deregulation did. Come on now, you can do better than that cheap meaningless rhetoric. This is where I stop considering anything else you have to say in your post. Very hackish.Liberty and freedom are the cause of all the countries ills eh?