Quote:
Originally Posted by jamber97
I was trying to imply that a move away from the current approach would improve things in the long run. I’m not recommending a move away from a free market society but as I stated, going to an extreme and leaving things unchecked and unregulated isn’t the way to go.
In the long run you have to protect men from themselves; they'll only do the right thing if there's incentive.
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The financial markets are one of the most regulated sectors of our economy. Look what has happened there of late. I contend it is this level of regulation that sets the stage for the types of things that have happened.
As to your closing statement, I tend to side more with John Locke than Thomas Hobbes in my view of most people.