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No one is forced to own a bank account. Banks are not a public utility. They’re just a handy tool, first and foremost. Why should they be regulated? Because t
by Swizec 9y ago
No one is forced to own a bank account. Banks are not a public utility. They’re just a handy tool, first and foremost.
Why should they be regulated?
Because the more ubiquitous a service becomes, the more it is ingrained in everyday life, the harder it is to avoid. And it should be regulated.
After all, nobody is forcing you to have and use electricity. So why should power companies be regulated?
Or car manufacturers. Or anything really.
Because it makes society a better place.
- conanbatt 9y ago> After all, nobody is forcing you to have and use electricity. So why should power companies be regulated? It is absolutely possible to have privatized power supply.
- builditand 9y agoRegulated and privatized are not mutually exclusive, some activity can be privatized and regulated in the same time. Edit: to elaborate a little, one shows the ownership form and the other how free of constrains is that activity on the market.
- Swizec 9y ago> It is absolutely possible to have privatized power supply. It is. And power companies should be regulated anyway. For example: to provide current within specific parameters so the white smoke doesn’t escape our devices.