6 ms·

Ding ding ding. Capitalism is buyer, seller, and marketplace, with "enough" regulatory feedback to stabilize the system. Regulation becomes a bugaboo when too

Ding ding ding. Capitalism is buyer, seller, and marketplace, with "enough" regulatory feedback to stabilize the system. Regulation becomes a bugaboo when too many people make their living stomping on the brakes to keep everything tidy. Regulation is a "Goldilocks" challenge.

baz00 3y ago
Regulation is there to make sure you don't do things that damage society or hurt people. If someone stomps on you, you're probably doing things to damage society or hurt people. Stop doing that.
- smitty1e 3y ago
  ...unless and until it ventures into https://en.m.wikipedia.org/wiki/Regulatory_capture https://en.m.wikipedia.org/wiki/Regulatory_capture
  - baz00 3y ago
    That's less bad than no regulation. But at the end of the day, both extremes are not helpful so we should be promoting regulatory balance not extremist positions.
    - smitty1e 3y ago
      Hence my original > with "enough" regulatory feedback that seemed to meet with disfavor.
- PM_me_your_math 3y ago
  [dead]
loa_in_ 3y ago
Regulation is done, ideally, with the reality of the society in mind and up to date with the zeitgeist at all times. In practice there's a lot of room for improvement in this regard.
littlestymaar 3y ago
> Capitalism is buyer, seller, and marketplace with "enough" regulatory feedback to stabilize the system. Capitalism is “a small elite possess the means of production”, what you are describing is “market economy”, those two concepts have been muddled by cold war propaganda but they aren't the same thing. Crony capitalism, monopolies and regulatory captures are all features of Capitalism, but they work against the goals of a market economy.
- smitty1e 3y ago
  I do not understand your post in the context of local vendors running a shop or restaurant of providing a service, but go on.
  - littlestymaar 3y ago
    I thought we were talking about airlines and regulation but OK… (also, given many of today's restaurant and shop are independent vs subsidiaries of global corporations, this argument is a little bit obsolete).
    - smitty1e 3y ago
      Same point as fake food in the restaurant.
      - littlestymaar 3y ago
        I have to admit, I have no idea of what you're trying to say.
        smitty1e 3y ago
        I hope that we can agree that the pattern of needing regulation to keep meat safe at the restaurant is congruent with needing to keep parts safe in the aircraft. Also, the mods seem testy on this thread.

baz00 3y ago

Regulation is there to make sure you don't do things that damage society or hurt people. If someone stomps on you, you're probably doing things to damage society or hurt people. Stop doing that.

smitty1e 3y ago
...unless and until it ventures into https://en.m.wikipedia.org/wiki/Regulatory_capture https://en.m.wikipedia.org/wiki/Regulatory_capture
- baz00 3y ago
  That's less bad than no regulation. But at the end of the day, both extremes are not helpful so we should be promoting regulatory balance not extremist positions.
  - smitty1e 3y ago
    Hence my original > with "enough" regulatory feedback that seemed to meet with disfavor.
PM_me_your_math 3y ago
[dead]

loa_in_ 3y ago

Regulation is done, ideally, with the reality of the society in mind and up to date with the zeitgeist at all times. In practice there's a lot of room for improvement in this regard.

littlestymaar 3y ago

> Capitalism is buyer, seller, and marketplace with "enough" regulatory feedback to stabilize the system. Capitalism is “a small elite possess the means of production”, what you are describing is “market economy”, those two concepts have been muddled by cold war propaganda but they aren't the same thing. Crony capitalism, monopolies and regulatory captures are all features of Capitalism, but they work against the goals of a market economy.

smitty1e 3y ago
I do not understand your post in the context of local vendors running a shop or restaurant of providing a service, but go on.
- littlestymaar 3y ago
  I thought we were talking about airlines and regulation but OK… (also, given many of today's restaurant and shop are independent vs subsidiaries of global corporations, this argument is a little bit obsolete).
  - smitty1e 3y ago
    Same point as fake food in the restaurant.
    - littlestymaar 3y ago
      I have to admit, I have no idea of what you're trying to say.
      - smitty1e 3y ago
        I hope that we can agree that the pattern of needing regulation to keep meat safe at the restaurant is congruent with needing to keep parts safe in the aircraft. Also, the mods seem testy on this thread.