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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (568821)	5/29/2010 1:10:51 PM
From: combjelly	Respond to of 1578900

"You're forgetting that in the real world, clowngress and the pres in collusion with the SC are "picking and choosing" which regs to implement." Yes, that is the real world. Ideally, they wouldn't over-ride the bureaucracy. Reality is that they do. Even so, it works better than no regulation at all. Just look at the centuries before the Great Depression. There was little regulation, not zero but not much. We had robber barons, child labor, company towns, the coloring of pickles with copper sulfate and a boom/bust cycle that wiped out the middle class every couple of decades. "You can't take repeal of glass steagall and use it to throw libertarians under the bus...well, you can but it is grossly unfair." Look, I am a Texan, born and raised. I have some very strong libertarian leanings. The idea of a state income tax gives me the willies, for example. But, a serious problem with libertarianism is that it is too theoretical. It can work with small numbers of people, just like pure socialism, but the larger the number involved, the more compromises need to be made. If for no other reason, the Law of Monetary Gravitation. That is the tendency of larger piles of money to attract the money in smaller piles. Even if the owners of the larger piles don't actively encourage it, it will happen. The place of regulation is to reduce this effect. Not by redistributing the stacks, but by putting in place different rules depending on the situation. So there is a place for regulation. Now, the political reality is those with the bigger stacks are going to try to change the rules to benefit themselves. This means there needs to be vigilance.