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This is a big reason why I'm for regulation when it comes to health, and environment. Somehow conservative Americans are believed that the 'invisible hand of th
by fma 8y ago
This is a big reason why I'm for regulation when it comes to health, and environment. Somehow conservative Americans are believed that the 'invisible hand of the market' will solve all problems. But companies will always be in it to make money if they feel they can get away with cutting corners.
Would we rather err on cutting a few percent here and there from company profits due to overhead and inefficiency of regulation? Or err on harming people and the planet?
- armitron 8y agoWe saw how the 'invisible hand of the market' played out in the housing collapse of 2008. Even the clown known as Alan Greenspan admitted that his ideology was shaken.