3 ms·
Good example of how good regulation is good for capitalism.
by dr_dshiv 7y ago
Good example of how good regulation is good for capitalism.
- duelingjello 7y ago“Protections” is a more concrete word indicating benefit rather than derisive “regulations,” which implies costs, burdens and barriers without a clear benefit. Paraphrasing an idiom from potentially-dangerous industries: Safety protection rules and laws are almost always written in blood.
- evgen 7y agoNo, that is only the case if you start from a particular viewpoint that is popular among right-wing Americans and almost no one else. From the perspective of first-world countries regulations are rules that we apply to processes where the dangers and externalities are diffuse enough that one or more parties may seek to ignore them for short-term gain; protection is the consequent of regulation, they are not simply synonyms.
- SQueeeeeL 7y agoGood for consumers, sure. But under a pure capitalist system it creates waste by people needing to spend time with quality control (presumably good things, but not ESSENTIAL to producing and selling a product, also makes starting a competing business harder)
- dr_dshiv 7y agoWhat is a pure capitalist system? Do you mean one without government or one with the more functional market? My point was that government can make a stronger, more profitable market.