Quote:
Originally Posted by mcgeedo
Philosophically, Will, isn't any regulation the definition of something other than a free market? Any regulation makes it "free except..." Sort of like "a little bit pregnant." At what point does it become Socialist (or Communist, depending)? Protecting Mom and Pop but not "the big guys?" Who shal define the point at which I become a Big Guy?
To clarify, I would make a distinction between criminal law (e.g. stealing) and regulation (e.g. margin requirements).
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The "free" market isn't realistic. This has been made abundantly clear again and again and again. None of this horrible crisis could have happened had there been reasonable regulation. Not only that, but trickle down? It's lead to a massive gap between upper and lower class, and the middle class is disappearing into nothingness.
It becomes socialist when we have collective property, not before then.