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Typical capitalism mindset: If I see upward trend and there is a problem, then let me earn my profit, government or regulatory bodies can come in when things g
by justicezyx 9y ago
Typical capitalism mindset:
If I see upward trend and there is a problem, then let me earn my profit, government or regulatory bodies can come in when things go bad.
If I see downward trend, and I am afraid of loss, I will ask government step in immediately instead of letting me die and fix the issue afterwards.
Why not the opposite?
Regulate heavily when it's not mature and when it finally proves it's maturity, set it free.
Because that will not give a small fraction of the population the chance to scoop in a hugely inapproprotional profit.
- deleted 9y ago[deleted]
- aaron-lebo 9y agoIf you heavily regulate immature industries, you 1) don't know what to regulate and 2) don't give the industry the ability to reach maturity. It's the mature massive companies that are the danger to market and personal freedoms anyway.
- neom 9y agoThat logic is almost akin to: I'm raising a kid and I don't know what a human needs or how it will turn out so ¯\_(ツ)_/¯
- aaron-lebo 9y agoNo because other people have raised children. As of 2000, nobody knew what a mature social network looked like.
- deleted 9y ago[deleted]
- justicezyx 9y agoRegulate will kill an industry? Can you give me an example?
- JumpCrisscross 9y agoIndia is a good example of a government inclined to incompetently regulate nascent industries to death.
- justicezyx 9y agoWhat exactly? You need a causal chain.
- deleted 9y ago[deleted]