View Poll Results: A sustainable free market has no regulation.

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  • Agree, no regulation

    36 39.56%
  • Disagree, requires regulation.

    33 36.26%
  • Cheese.

    10 10.99%
  • What? I wasn't ready for the picture!!!!

    12 13.19%
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Thread: Regulation & The Free Market

  1. #21
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    Re: Regulation & The Free Market

    Quote Originally Posted by Easy Rider View Post
    In order to be able to sue someone in court, you must be able to prove they violated a particular Law (Regulation). If there is no Regulation to protect you from injury, you have no grounds to file suit. The manufacturer/service provider can do whatever they wish even if it kills you. Without regulations/laws, you can do nothing about it. They may have killed you but they didn't break any laws in the process... get it?
    I wouldn't use it that way obviously. They would only have to prove harm to the environment or bodily harm by showing the product is responsible for the harm. If they can't do that they lose. The laws behind this would be more general than the system we have today which should be clear by now.

    Anyway, the current court system is not able to handle the change and would need major changes to allow better access and better results.

  2. #22
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    Re: Regulation & The Free Market

    Quote Originally Posted by coolwalker View Post
    What an interesting question. At first I was inclined to say it needs no regulation. Then I thought a bit and my first thought then was about gasoline and big oil. Without some kind of regulation they would probably go wild (like they aren't already)...then there is our electrical bill, Lord knows they would charge anything they want, and garbage collection and on and on. Yes, some regulation is necessary. As for merchandise, the market pretty much sets that because if you think something costs too much, you simply look for something else.
    As for the market, I would prefer not to buy products that potentially put me in danger and to have to sue (if I live through the product) a company that has far more resources than I do and can make me "go away" as my chances to affect positive change are essentially nil.

  3. #23
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    Re: Regulation & The Free Market

    Quote Originally Posted by megaprogman View Post
    As for the market, I would prefer not to buy products that potentially put me in danger and to have to sue (if I live through the product) a company that has far more resources than I do and can make me "go away" as my chances to affect positive change are essentially nil.
    Using the current workings of a system to say a change would be unreasonable makes no sense.

    And today you have the same problems with potential harm...

  4. #24
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    Re: Regulation & The Free Market

    Quote Originally Posted by Henrin View Post
    Using the current workings of a system to say a change would be unreasonable makes no sense.

    And today you have the same problems with potential harm...
    The current system is class action lawsuits that gets you a $5 coupon for harm. Its worthless. One industry where people can and do sue for harm, the medical field, is seeing tort reform in many states, which limits its use as a regulatory mechanism.

    Yes, there is potential, but less overall as regulations can be written broadly and across multiple companies.
    Last edited by tacomancer; 10-07-11 at 02:19 PM.

  5. #25
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    Re: Regulation & The Free Market

    Quote Originally Posted by megaprogman View Post
    Yes, there is potential, but less overall as regulations can be written broadly and across multiple companies.
    That is just a way to control the entire industry that might not be even causing harm. Any just system only goes after those who cause harm.

  6. #26
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    Re: Regulation & The Free Market

    Quote Originally Posted by Henrin View Post
    That is just a way to control the entire industry that might not be even causing harm. Any just system only goes after those who cause harm.
    It certainly can be abused I agree (but then again, so can courts), but as of right now, there is no data to show this is case in most situations.

  7. #27
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    Re: Regulation & The Free Market

    Quote Originally Posted by obvious Child View Post
    A sustainable free market has/requires no regulation.

    Agree or disagree?

    Considering the influx of new blood with the up coming election, I'm curious to see where we stand as a forum on this.

    FYI: This poll is public. So we can see if some immature prick is spamming. Now, if we could only get the mods to release IP logs....
    A free market is NOT sustainable without regulation. For example, without regulation monopolies would form and take over large sectors of the economy. There would then be essentially nothing stopping them from creating "regulations" of their own to ensure that no competitors could form. And that would be far from a free market.
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    Re: Regulation & The Free Market

    Quote Originally Posted by Kandahar View Post
    A free market is NOT sustainable without regulation. For example, without regulation monopolies would form and take over large sectors of the economy. There would then be essentially nothing stopping them from creating "regulations" of their own to ensure that no competitors could form. And that would be far from a free market.
    it's the same reason anarchy doesn't work as a political system. the end result is warlords who act as regional dictators.

  9. #29
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    Re: Regulation & The Free Market

    Quote Originally Posted by Kandahar View Post
    A free market is NOT sustainable without regulation. For example, without regulation monopolies would form and take over large sectors of the economy. There would then be essentially nothing stopping them from creating "regulations" of their own to ensure that no competitors could form. And that would be far from a free market.
    The mistake people make that don't understand the free market is thinking monopolies are part it.

  10. #30
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    Re: Regulation & The Free Market

    All anyone has to do is go read about the sweatshops, that worked wives daughters and sisters 18 hrs a day for peanuts and abused them relentlessly or employers that worked 13 yr olds in incredibly dangerous work enviroments...with workers dieing in fires and jumping out of 6 story buildings. Read about employers hiring thugs to keep employees in line with beatings and MURDERS...after that its very easy to understand why we need OASHA and a structure to oversee business...theres actually some individuals on this forum who act like there are no lowlife scumbag businessman....I have to chuckle sometimes at the naivette or the disengenuousness.

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