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. #1
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    Regulation & The Free Market

    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....
    Last edited by obvious Child; 10-07-11 at 03:35 AM.
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    Re: Regulation & The Free Market

    I voted no, but I should qualify that. I believe that you can have a sustainable free market with no regulation, I just don't think that that would be best for the country. I think some regulation is necessary to prevent abuse of the system.
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  3. #3
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    Re: Regulation & The Free Market

    Quote Originally Posted by molten_dragon View Post
    I voted no, but I should qualify that. I believe that you can have a sustainable free market with no regulation, I just don't think that that would be best for the country. I think some regulation is necessary to prevent abuse of the system.
    Hmmm. You seem to be a bit conflicted. How can it be sustainable if people can abuse it? If people can abuse without consequence, why won't everyone abuse it? And if everyone abuses it, it is no longer a true free market no? So how can a sustainable free market exist without regulation?
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  4. #4
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    Re: Regulation & The Free Market

    I believe that without some mechanism to ensure that money flows back to the bottom from the top, (in addition to wages, because that is not enough), than the market will dwindle due to a lack of sufficient demand, harming everyone at all economic levels.

    Second, humans are extremely good at pushing problems that they create off to society at large and need to be held to account to represent the true cost of doing business and curb abuse.

    If both do not happen, then capitalism will not sustain itself and none of the moralizing in the world about who deserves what will make the system run.
    Last edited by tacomancer; 10-07-11 at 07:49 AM.

  5. #5
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    Re: Regulation & The Free Market

    History shows the necessity for disallowing the free market to do whatever it chooses...the rest of humanity has to be considered... besides the few at the top that control all the strings. Megaprogman put it very well

  6. #6
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    Depends on what you mean by "regulation." A market economy requires a free and fair court system where individuals and organizations of all types and sizes are free to pursue their claims on legally even ground. But as long as that exists, government mandates are unnecessary and superfluous.

    The problem with the current system is that we take the enforcement power out of the hands of the people actually harmed by unfair business practices and put it into the hands if bureaucrats who lack the resources actually to address the harm done to each individual and, more to the point, often quietly or deliberately refuse to pursue valid claims to advance a policy goal.

    Take away the maze of regulations and return to a free and fair tort system, and fair business practices will naturally follow, as the bad businesses get swept under by a tide of lawsuits.

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    Re: Regulation & The Free Market

    The majority of the economic problems we're faced with today are the result of DE-regulation...

  8. #8
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    Re: Regulation & The Free Market

    I think that even with the regulation we currently have that there is massive manipulation. The Plunge Protection Team is a blatant example and if the gov't can do it, the megaBusinesses are already doing it. The Big Short! etc.

  9. #9
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    Re: Regulation & The Free Market

    Quote Originally Posted by citizenthom View Post
    Take away the maze of regulations and return to a free and fair tort system, and fair business practices will naturally follow, as the bad businesses get swept under by a tide of lawsuits.
    And then we'll be back to corporations evaluating the "cost" of recalling a car, as an example, against the cost of the litigation that'll result when the brakes fail. (It's still done today, even with all of our regulations. I agree with you that the "maze" has to go....but regulations themselves? Not a chance. If we didn't regulate food trucks, people'd be droppin' like flies in NYC.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

  10. #10
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    Re: Regulation & The Free Market

    Quote Originally Posted by Easy Rider View Post
    The majority of the economic problems we're faced with today are the result of DE-regulation...
    That's correct, the financial meltdown was a result of the deregulation of the financial sector. Without regulation capitalism becomes a cancer and will eventually eat itself alive.


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