(January 4, 2015 at 12:57 pm)Rhythm Wrote: IDK if it's really the greed that needs to be kept in check. Even when we regulate there's still the component of greed (if we're going to use that language) between various competitors for the mandated product or standard.
Its not really greed vs "something else" - it's central planning vs market correction (imo). Some measure of both seems to be the best way to go forward, and either taken too far (or without the mediating effect of the other) collapses like flan in a cupboard.
The problem with market correction is that it is unguided by the metrics were likely to use when we discuss it. The problem with central planning is and always has been -who's doing the guiding/for what-.
Some days you are my favorite person.
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