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Originally Posted by guyy
1. Under capitalism, greed is a constant. Capitalist ideology tells us it has always been so, and will always be so, and can only be so. You own it, Ace. Enjoy.
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There is a difference between greed and doing what is in your own best interest. I disagree that greed is a constant, the constant is people doing what is in their best interest. Greed is always potentially present and when it comes to the surface bad things usually follow eventually.
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2. I would agree that regulation is reactive, and it seems you think that regulators should have been more proactive. No doubt. Considering that the current crash developed after the dismantling of the 1930s regulatory framework, i cannot agree that an excess of New Deal regulation led to the Crash of 2008.
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I think regulators need to be more thoughtful, understand the delicate balance between excessive and reasonable regulation. they should understand the ever potential for unintended consequence and be prepared and willing to make adjustments.
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3. Many of those "many" would argue that any gummint anything is a priori bad bad bad. They have the same knee-jerk response to every development. So does my cat. Meow.
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I think most thoughtful people, even those with libertarian tenancies, recognize a role for gummint.