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You are probably right. If all governments in the world collapsed today markets WOULD still exist with or without regulation. BUT regulation would start to reap
by frogpelt 14y ago
You are probably right. If all governments in the world collapsed today markets WOULD still exist with or without regulation. BUT regulation would start to reappear almost as quickly as it disappeared.
A healthy marketplace relies upon a foundation of some sort. There has to be trust between producers and consumers. Regulation is a framework to create that trust.
I am certainly not against all regulation. I also feel that interference in the market does more to hurt than to help.
Places in the world now where anarchy or something similar reigns do not have more of a free market than we do.
My larger point is that patent law is part of the regulation in our market that is not being implemented effectively.
- rayiner 14y ago> My larger point is that patent law is part of the regulation in our market that is not being implemented effectively. I don't disagree with that at all. But that should be the argument: "this regulation is helping more than it is hurting" not "this regulation is bad because regulation is bad."