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Ditto. A perfect market wouldn't need regulation, but we're far from a perfect market. The barriers to entry (both financial and regulatory) means that there
by pchristensen 19y ago
Ditto. A perfect market wouldn't need regulation, but we're far from a perfect market. The barriers to entry (both financial and regulatory) means that there isn't much competition, so regulation can help. Regulation isn't perfect, but neither is our implementation of the market.
- anamax 19y agoThe solution to the barriers imposed by regulation is regulations? I'm reminded of the "danger, low sign" sign.