Re:The death of neoliberalism from within
by Houshalter on Friday June 03, 2016 @02:36PM
(#11832282)
I hate how "regulations" and "deregulation" has been reduced to a word that you are either "for" or "against" based on your political affiliation. As if regulations are all either entirely good, or entirely bad. I mean c'mon, do you really believe there has never been a bad regulation?
Free markets tend to produce the most wealth. Some regulations are necessary to prevent market failures like monopolies, information asymmetry, etc. But otherwise they are just getting in the way and causing more damage than good.
Regulations are not going to create a middle class or create economic equality. They can only prevent certain abuses from happening, but you can't regulate "equality".
The reality is some portion of the population doesn't have very much economic value. It's crazy and inefficient to try to artificially increase their value by protecting their jobs from competition. Instead we should tax the wealth that capitalism creates, and redistribute it more fairly.
Free markets tend to produce the most wealth. Some regulations are necessary to prevent market failures like monopolies, information asymmetry, etc. But otherwise they are just getting in the way and causing more damage than good.
Regulations are not going to create a middle class or create economic equality. They can only prevent certain abuses from happening, but you can't regulate "equality".
The reality is some portion of the population doesn't have very much economic value. It's crazy and inefficient to try to artificially increase their value by protecting their jobs from competition. Instead we should tax the wealth that capitalism creates, and redistribute it more fairly.