Comment: Re:Super tired of these two banks. (Score 1) 261
Abolishing government from regulating the market would heal the economy.
Yes, people would all be completely honest if it wasn't for that damned government getting in the way!
Regulations (at least good regulations, and I certainly won't claim there aren't bad ones) are there for a reason -- somebody at some point tried to game the system and had to be stopped lest they crush the entire damned thing for their own benefit. Many of the financial regulations were put in place after the great depression to prevent just this such a thing happening.
But half a century later, we've all forgotten the teachings of history and start wondering why we've got so many damned rules and why the government is sticking their nose in where it shouldn't be. And sure enough, huge economic booms result. For a while. Then reality comes and slaps us in the back of the head with 2008, which might have been forestalled in the US but is by no means cleared up yet. And guess what the end result will once we do finally get our globally collective shit back together? A bunch more regulations to prevent such things from happening in the future (and hopefully the world leaders in 2100 will pay more attention to their forefathers!)
IMO, organized workloads should be split into at least two categories, regulatorily speaking: Low and high barrier to entry.
Anything with a low barrier to entry -- let the free market do its thing. If existing systems don't work, somebody will just set up a new one.
Anything with a high barrier to entry -- regulate the fuck out of it. Hell, even make it a crown corporation (especially if its an essential service like water or power.)
The free market fails when the barrier to entry is too large for competition to realistically arise. Its about damned time people recognized that fact. If entering a market costs $100b before you've even started to advertise, then its damned well not going to be competitive. The only people/organizations who would be able to enter such a market are the same ones who have no desire to rock the boat, and any existing players are necessarily going to be in at least a loose collusion by the fact that there's so few of them -- an "everybody knows everybody" situation.
Raw capitalism is a great solution to a lot of business problems, but its not a silver bullet. There's a point beyond which it just doesn't scale terribly well.