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Originally Posted by aceventura3
I think it is. I think it is a myth that there has been any deregulation in this country.
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Wait...it's a myth that there has been
any deregulation? That in itself requires subscribing to some kind of mythology.
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From my point of view there has been a trend of increasing regulation since the founding of this nation and that it accelerated starting in the early 1900's.
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Well, regulation really started to kick in during the 19th century as a response to such things as child labour and it being virtually impossible to enter a market due to gigantic monopolies. But a lot had happened since then and throughout the 20th century. Since Reagan, many changes have occurred that can be described as deregulation on the industry level. My point isn't to state whether it's good or bad in and of itself, but it is merely to state that how it happened in the U.S. since Reagan helped along the concentration of wealth.
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I do not take the position that all regulation is bad. However, excessive regulation hinders economic growth, productivity and living standards.
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I agree. I support reasonable and responsible regulation. I will also point out, however, that regulatory practices that are too lax is a danger as well. Just look to the history.