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The answer to poor regulation isn't no regulation. I'm much more interested in government counterbalancing corporations instead of one of them grossly overpowe

• nickff 12y ago
  If you agree that the current system of regulation is poor, and you wish to improve it, you must ask yourself whether the regulators have/will improve. There has been no paradigm shift in regulation for a long time, and there is no reason to believe that the same regulators (or even different ones) acting under the same incentives will come up with more efficient or effective regulations, though they may come up with more numerous or novel rules.
• tn13 12y ago
  Asking government to come up with "counterbalancing regulations" is exactly same as asking corporations not to be ruthless in making profits. In one word: "Impossible". There is a good reason why corporations are ruthless in profit making. It is because the people who are responsible for making its decisions have a strong incentive to make more and more profits at all cost. Government out of all people have 0 incentive to come up with anything that acts as a counterbalance. Government employees including Mr. President have only one incentive. Keep that damn job. I worked in a department that was focused on improving certain aspect of engineering education. Very quickly I realized that our jobs and funding depended on painting a very sad picture of reality and getting lots of money from government. Improving education was the last thing we were concerned about. I do not see what is wrong with "no-regulation" at all. In fact all the empirical evidence suggests that no-regulation leads to far better outcomes in most areas.