(April 22, 2017 at 3:02 am)dyresand Wrote: if you look at it were in a new golden age of deregulation.
and if you read your history books you learn that with any golden age of deregulation
it's only fake growth. in the end this means the death of the economy and since our economy
is mainly based on oil that means doom for the oil sector. Which is good for the world bad for any oil based economy
because of all of this deregulation means doom for the global economy. Because the same banks are doing the same
insider trading again since they don't have regulations tying them down the economy will crash yet again by same people
who did it the first time.
It's a fair point that the Utopian free marketers always avoid.
It's true that over regulation can cause a drag on the economy but unregulated markets boom and bust and that is an empirical fact. The 19th century was almost tax free and regulation free and was plagued by boom and bust crashes because that is the natural tendency of unregulated capitalism. It's too bad that so many have fallen for the false notion of "magic of the markets". It's a human made system and it works quite well with oversight but there's not an ounce of magic anywhere to be found.
If god was real he wouldn't need middle men to explain his wants or do his bidding.
