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 Originally Posted by d0zer
That seems like an absurd over-simplification of a complex issue.
You can cherry-pick examples of extreme regulation hurting the little guy just like you could cherry-pick examples of extreme deregulation allowing the big guy to screw over the little guy.
Give me one example big guy screwing over little guy without doing something currently illegal and without government help
The fact is that we need regulation of some form, and we also need taxes. The extent of each is up for debate, but laisse-faire economic libertarianism taken to an extreme allows for things like the american housing bubble crash to occur when groupthink sets into the minds of the "great" fiscal minds of wall street. Canada for example has much stricter lending policies and its housing market was relatively unscathed.
The american housing bubble without a doubt was caused by regulation that artificially increased demand for home ownership from the government forcing banks to make loans to people who wouldnt be able to pay the loan if they met even a little bit of a snag income wise. The government caused unstrict lending policies.
I know there are some bullshit regulations out there, and they should be dealt with, but I also don't believe we can throw the baby out with the bathwater and have wild-west economics either.
You don't believe it but that doesn't make it any less correct.
K I'm bored I came back.
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