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. #31
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    Re: Regulation & The Free Market

    Quote Originally Posted by megaprogman View Post
    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.
    In most cases it very much does do exactly that. If there is an instance of something happening with your food for example with one company every part of the industry is punished. This is really the regular practice of the government these days.

  2. #32
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    Re: Regulation & The Free Market

    Quote Originally Posted by Henrin View Post
    The mistake people make that don't understand the free market is thinking monopolies are part it.
    I agree, monopolies are NOT part of a free market, since a free market is primarily about competition. But they ARE part of a laissez-faire system where there is no regulation. You can have a free market, or you can have a total lack of government intervention in the market, but you can't have both.
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  3. #33
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    Re: Regulation & The Free Market

    Quote Originally Posted by lpast View Post
    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.
    This is actually wrong. Markets the people are part of and they decide on what they want to work for by using that market. If they don't for whatever reason they will not earn high wages only because they have decided not to. Dangerous environments on the other hand can be handled in my system in two ways, one the market, and two the courts. You can decide and both should work fine.

    As for children working in the old days, this was culturally acceptable and something that low wage families needed(and frankly still need) to move ahead in the world. By the time it was against the law it no longer was. Making the law itself pointless.


    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.
    Wanting courts to handle these kind of cases is not saying anything of the sort. Its actually accepting this reality and putting up a solution that offers the workers a way to deal with it.
    Last edited by Henrin; 10-07-11 at 02:48 PM.

  4. #34
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    Re: Regulation & The Free Market

    Quote Originally Posted by Henrin View Post
    In most cases it very much does do exactly that. If there is an instance of something happening with your food for example with one company every part of the industry is punished. This is really the regular practice of the government these days.
    And what is wrong with that? The name of the game is consumer protection, right?

  5. #35
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    Re: Regulation & The Free Market

    Quote Originally Posted by Kandahar View Post
    I agree, monopolies are NOT part of a free market, since a free market is primarily about competition. But they ARE part of a laissez-faire system where there is no regulation. You can have a free market, or you can have a total lack of government intervention in the market, but you can't have both.
    This problem is not a laissez-faire problem but actually a problem caused by the reverse. Monopolies are created by protections that make competition close to impossible in many fields. Without them this problem doesn't exist.
    Last edited by Henrin; 10-07-11 at 02:58 PM.

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    Re: Regulation & The Free Market

    Quote Originally Posted by megaprogman View Post
    And what is wrong with that? The name of the game is consumer protection, right?
    No. Its to punish people that violate the rights of others while not punishing the people that don't.

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    Re: Regulation & The Free Market

    Quote Originally Posted by Henrin View Post
    No. Its to punish people that violate the rights of others while not punishing the people that don't.
    I disagree, the purpose should be protection of the consumer due to the power differential between most individuals and large companies. It gives regular people a voice where they otherwise would not have one.

  8. #38
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    Re: Regulation & The Free Market

    Under most conditions regulations should disincentivize abusing others.
    Sure it's all how you define abuse, that's what we do though, make big-boy decisions about what's abuse and what's not abuse. Most lay people can figure out the difference.

    Quote Originally Posted by Henrin
    one the market, and two the courts.
    Regarding courts handling it, that's absurd. I don't want to sue AFTER I get cancer from a known carcinogen being hidden away in my shower gel. Certain things are priceless, a law suit can't give you back your child, your health, your life, etc. Get a clue please. Legal should be a last resort. That's when all other negotations and avenues have failed. Thankfully, because it's extraordinarily inefficient to boot (court).

  9. #39
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    Re: Regulation & The Free Market

    Quote Originally Posted by megaprogman View Post
    I disagree, the purpose should be protection of the consumer due to the power differential between most individuals and large companies. It gives regular people a voice where they otherwise would not have one.
    Thats only half of it. Think ethically. It's to protect everyone from abuses. That goes for big corporations that employ you then screw you over (enron) and to the unemployed ****-head that tries to sue the corporation for $4M because of their own stupidity.
    Last edited by Mach; 10-07-11 at 02:58 PM.

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    Re: Regulation & The Free Market

    Quote Originally Posted by megaprogman View Post
    I disagree, the purpose should be protection of the consumer due to the power differential between most individuals and large companies. It gives regular people a voice where they otherwise would not have one.
    The goal is merely to decide on individual violations of individuals to protect everyones rights in the process. If you allow the courts or regulations to just punish people that aren't involved that doesn't serve to protect rights. It should be out to treats people as people, and business as business. Everyone deserves rights in the process.

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