EternalHoH
Posts: 791
Joined: 5/30/2010 Status: offline
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quote:
ORIGINAL: kdsub Regulation, as in micro manage, does not work in a world economy. BUT don't get me wrong we do need regulations to keep business competitive and fair I agree with you here. There is good regulation, and bad regulation. We loaded up on the bad regulation, and when the cry came to deregulate, we cut away the good regulation. World economies have their faults. In our race to equalize with whatever country that represents the lowest common denominator, we have to be careful we don't give away the store. But we did just that. In a quest to deregulate to be competitive globally, Wall St took that extra leash and gambled 7 times the GDP of the world. Yes, there are bigger threats than not being globally competitive in a world economy. We just found those threats.
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