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>Pretty much any regulation harms business. That's ridiculous. The Free Market is one of the greatest economic tools we've ever discovered, and hybrid distribu
by xoa 8y ago
>Pretty much any regulation harms business.
That's ridiculous. The Free Market is one of the greatest economic tools we've ever discovered, and hybrid distributed representative/micro constitutional monarchies a successful governance/innovation model. Together they're the foundation for most of modern business and are a direct creation of regulation and maintained by the same. The Free Market has requirements for operation like any tool. I really have trouble understanding how you could argue that business would be better off under mercantilism and aristocracy or any other older, less efficient system. They don't work as well in known theory and haven't worked as well in practice either.
Good vs bad governance is very important, but "more" vs "less" not so much. Just like anything else implementation matters the most.
- tananaev 8y agoI'm not arguing for any specific government model in my comment. I'm stating that less intervention from government is better for business.
- xoa 8y ago>I'm stating that less intervention from government is better for business. And I'm saying you're wrong since the Free Market and our current governance models and public buy-in and wealth distributions have led the greatest business success and innovation in the entirety of human history. Good intervention from government has been fantastic for business.
- tananaev 8y agoThen how you can explain gradual slow down in the rate of growth in the last decades? I think it is caused by increase in regulations. Any significant innovation beyond small incremental improvements in many industries is completely paralysed because of regulation. Internet and tech industry is on the same path, in my opinion.
- mcphage 8y ago> Then how you can explain gradual slow down in the rate of growth in the last decades? http://www.multpl.com/us-population-growth-rate http://www.multpl.com/us-population-growth-rate
- KSteffensen 8y ago> Then how you can explain gradual slow down in the rate of growth in the last decades? Maybe we just don't need more stuff. Edit: Carlin quote Ever notice how your shit is stuff and other peoples stuff is shit?
- jplayer01 8y agoYou’re going to have to be very specific about which kind of growth you mean.
- yason 8y agoThe Free Market is one of the greatest economic tools we've ever discovered ...and one we've rarely employed. Most markets are absolutely not free in the libertarian sense, and while often for near-sighted politics—such as tariffs for goods—also sometimes for the greater good. For example, antitrust legislation is market regulation as truly free markets tend to converge in a winner-takes-all fashion. And once there are only a handful of large corporations left they tend to start shunning down the market from entry-level companies to help cementing their own position, via make-do regulation of their own and/or lobbying for more robust government-appointed regulation.