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To: TobagoJack who wrote (59765)	1/7/2010 5:25:07 AM
From: elmatador	Respond to of 217857

Only example is 12.000 years ago, paleolithic. You are Russeaunian, TJ. The nation state was created to regulate although it usurped other functions they could sell to their electorates. Before we had the nation state we had the only type of what we could call government, i.e., the church. Which is nothing less than a regulatory body, at least those we have in the west: Judaico, Christian and Islamic deals with the money issues. I don't know Buddhism if it deals with the money issue. You are in a good position to tell us. That said, we have tried unbridled non-regulation. See Russeau good savage. Russeau basically stated man is intrinsically good and it is society that corrupts him. While Thomas Hobbes stated -basically- that man is intrinsically bad and only a regulating society can regulate him into living without slaughtering himself and degenerating him.

To: TobagoJack who wrote (59765)	1/7/2010 5:35:17 AM
From: elmatador	Read Replies (1) \| Respond to of 217857

Posted that what we are talking about is neither new nor easy we can move on to discuss regulation, unregulation, de-regulation and re-regulation. I agree with you that absence of regulation can be profitable and doable. But keep trhe scale in mind: Only at a very tiny scale it is workeable. I see it as laboratory controlled environment where it can work but not at a very large scale. That because we tend to have borders encircling entities, nation states I mean, where we lack homogeneity and wide dispersion leads to things getting out of control as the Roman discovered, too late, I would say. Parethesis:(good that we can discuss this in a civilized manner with the absence of those catfish heads who moved to the BBR.) Now picture a global economy where everyone is trying to hedge, fleece, run for cover or simply survive. It is impossible to deal away with regulation.