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The free market would eventually fix all these problems, albeit after a period of suffering and very likely, many deaths. Industry standards and associations wo
by vitaminj 18y ago
The free market would eventually fix all these problems, albeit after a period of suffering and very likely, many deaths. Industry standards and associations would crop up after a string of failures, and consumers would eventually move towards firms that are endorsed by the industry standard bodies. eg. chartered accountants.
Regulations are just there to try and avoid the transition period of pain (and death).
- aswanson 18y agoIndustry standards and associations would crop up after a string of failures, and consumers would eventually move towards firms that are endorsed by the industry standard bodies. eg. chartered accountants Sounds remarkably similar to where we are.
- gnaritas 18y ago> The free market would eventually fix all these problems Saying that doesn't make it true, it's a belief, not a fact, keep that in mind.