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Whenever government gets involved it all goes to shit.. Examples?
We should probably do away with dept of education because local government and parents have been proven time and time again to provide excellent educations to children.department of education, department of energy, war on drugs
... you said government regulations ONLY (my emphasis) appear when a industry can't self regulate. You also said "do right by the people" .That literally has no connection to what I was talking about. Pot laws weren't based on regulations pinned on industries. Thank you, come again.
We are still under these regulations today. Does it ever end?... you said government regulations ONLY (my emphasis) appear when a industry can't self regulate. You also said "do right by the people" .
Pot laws were based on regulations INDUSTRY pinned on people.
When regulations are used as a club to beat your enemy, then regulations are indeed a bad thing.
it's ALWAYS the end of the world.
Not to mention the bankers basically regulate themselves, with the help of politcians really, just look at who obama appoints secratary of treasury and his whole cabinet lolThe funny thing is..and I tell you this from experience..the Volcker rule just gives other firms and hedge funds the ability to help banks prop trade indirectly. And Dodd Frank just opens new doors to new ways of making money, that by the public's eye, would be corruption. If you're gona regulate, make it simple and un-passable. But the people regulating banks have no fucking idea what they are doing. Can anyone tell me how many SEC regulators there are compared to how many financial institutions in the United States?
When the people who are being "regulated" are smarter than the regulators, you're setting it up for failure. I see this shit first hand day in and day out.
So go on and continue to regulate, you're just opening up new doors.
I believe the correct term would be "Darwinism" something financial guys are VERY good at.
i think you've gone "full retard". indias economy is WAY more healthy then americas and growing faster by the day. without the regulations india has it would be in the same shitty boat that america is today. btw india has been independant for about 65 years, not "100 years or so".If you want a real world example of onerous regulations (outside of the US), look at India. The Indians took their cue from the Brits. After the Brits left the Indians went full retard and the country languished as a third world shithole for 100 years or so, despite having a culture that values education, hard work and entrepreneurship. (I just hit the spelling jackpot: I spelled "entrepreneurship" correctly with no help from spell-check!)
You don't keep up with current events do you? It's not 2005 anymore.. They are loosing steam due to inept politicians. http://www.economist.com/node/21551061i think you've gone "full retard". indias economy is WAY more healthy then americas and growing faster by the day. without the regulations india has it would be in the same shitty boat that america is today. btw india has been independant for about 65 years, not "100 years or so".
that link said indias current growth rate is at 6.1%. that's still a hell of alot better then any western country.You don't keep up with current events do you? It's not 2005 anymore.. They are loosing steam due to inept politicians. http://www.economist.com/node/21551061
The point is, they are slowing down due to regulations.that link said indias current growth rate is at 6.1%. that's still a hell of alot better then any western country.
why do you assume it is regulations that are slowing india down? indias growth is slowing because world economic growth has slowed in the last 5 years.The point is, they are slowing down due to regulations.
I thought you read the article?why do you assume it is regulations that are slowing india down? indias growth is slowing because world economic growth has slowed in the last 5 years.