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How is this "private market will regulate it" when this is enforced by EU?
by aaa_aaa 3y ago
How is this "private market will regulate it" when this is enforced by EU?
- filoleg 3y ago“Private market will regulate it” in this context doesn’t mean “no rules, they will sort it out on their own”, but “we don’t care and don’t know how they will comply with that law, and we won’t assist them in any way either, they will figure it out on their own.”
- aaa_aaa 3y agoThen it is a wrong use of terms.
- filoleg 3y agoThis is more about paying attention to the context in which the phrase was said. A lot of things get confusing or might mean a total opposite of what you think they do, when the relevant context isn’t taken into the account. “Private market will regulate itself” isn’t some technical term with a precise meaning that can be misused. It can “regulate itself” by not having any restrictions imposed on it, but i can also be said to “regulate itself” by exploring different solutions to challenges presented by legal requirements with no clear solution path. However, I see your point here, because most of the time when people just say “private market will regulate itself”, they talk about heavily unregulated market situations.
- aaa_aaa 3y agoThanks for your time, agreed.