>> |
10/28/11(Fri)17:33 No.104700>>104558 I'm sorry, you're right: that was uncalled for. I apologize. I just get upset when I read uneducated opinions stated as fact.
The
truth is the market is choking on regulation. You hear less about all
those regulation lobbied in by big corporations in the farming or retail
industry that are used to keep competition off their back, you mostly
hear about Wall Street, about how unregulated it is.
In some way
it's true, it is less regulated then other industries, but it's not
really the amount that distorts the market. For example, first off the
presence of the federal reserve already means there is no Free Market,
that interest rates are dictated by a state monopoly given to a private
bank. This means they just print money when they need it.
Also,
the presence of government in the market to guarantee loans and savings
account reduce the incentive of financial institutions do invest wisely,
this leads to malinvestment. So, in a sense, there are regulations,
except like most regulations, they are pro-big corporations since they
are the ones that lobby them in. What libertarians want is to remove
those regulations so those big companies play fair instead of the crony
capitalism we have. |