> Well it is like this... it is not quite as simple as such two paragraph > statements would have you believe. There has been de-regulation of the > kinds > of rules and laws that added nothing to safety but made the economy > inflexible. The same thing occurred in the labour market. But on the > other > hand there has been a tightening on banks liquidity requirements, on > monopolies and a whole raft of other rules that were there to provide > safety > and security. But it seems the USA did only the first part (remove > restrictive regulation) and didn't implement part two - implement new > safety > and security guidelines.
Fine, but that is not the be-all and end-all of our problems. We have larger cultural, demographic and other pressures actually contributing to this situation. Your panacea -- just regulate more, harder, bigger, stiffer, faster -- doesn't begin to articulate a whole solution based on the complexities of our situation, which is a lot different than yours. I have identified some higher level things going on, that I believe also made the regulatory phenomenon happen, each in their own way. * Elimination of constitutional safeguards against majority faction have guaranteed a majority faction in all three branches of government at any time. Majority factions don't solve problems, they pass laws to stay in power. * Foreign entanglements have obligated our Treasury to pay for wars, and our economy to shed the social contract implicit in our national division of labor. Our trade and immigration policies are forcing massive rifts in our social fabric. Many of our social policies -- some of them mandated by treaty-- have ensured that we'll have insufficient workers to work to pay for the benefits already promised to the baby boomers when they go on the dole. * The dumbing down of our population and priming of the political pump with deficit spending for goodies and special pet projects in every congressional district in America has saddled future generations with unbearable debt. The Founders also warned about this. How do these affect regulation? Well for one thing, they combined make any regulatory framework look like swiss cheese, because they are pulling from so many different directions. For another, we have foreign and domestic lobbyists and an armada of lawyers who craft these laws in incomprehensible ways. Look how many proponents of such a complex tax code don't even bother paying taxes until they're nominated for high positions in government---it's just too complex, and so we have this mess. I can't condense all this in any smaller sound bites for you, sorry. - Bob _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
