4 ms·

two wrongs don't make a right

• webXL 12y ago
  Exactly. It's what happened with banks. The government passes regulation after regulation, and pretty soon it's hard to tell the difference between the bankers and the regulators except for what kind of car they drive (now), and gets harder for new competition to enter the market, so banks consolidate and eventually become too big to fail, leading to obscene profits for very little risk. Entrenched market players LOVE, LOVE, LOVE more regulation. All they have to do is hire more compliance officers and pass the cost on to us, while at the same time raising the cost of compliance for smaller and would-be competition.
• mhluongo 12y ago
  Catchy, but inappropriate. If there were a free market way to reset the playing field, I'd certainly prefer that. But I've yet to hear one, and crony capitalists are a problem as much as statists.
  • randyrand 12y ago
    "Mr. Milton, how much government intervention is required to deal with monopolies and..." https://www.youtube.com/watch?v=tdLBzfFGFQU https://www.youtube.com/watch?v=tdLBzfFGFQU