I have a master of arts in organic chemistry and earned a's in micro and macro economics, but I am at a loss to understand the argument for deregulation in the economy. Maybe I'm stupid. Could someone correct me in my thinking. Here is how I see it.
Humans regulate every aspect of their personal lives and as a species their environment as best they can. We regulate the temperature of our homes. In fact we live in buildings to regulate our environment from the wild swings of the natural environment. We regulate our behavior when it comes to how fast you can drive your car. Zoning codes and building codes regulate where, what and how we can build and utilize our land. Farms regulate the production of their farms by deciding what and when to plant, preparing the soil, using fertilizers, irrigation, and pest/weed control, instead of relying on wild production controlled by nature alone. I could go on but do I need to?
What is so sacrosanct about capital? Please, someone explain to me how what has occurred with this current mess and those that proceeded it (S and L, 1929, Enron, MCI, etc.) is not analogous to being a hunter/gatherer society. Let me warn you, if you succeed in that argument then you leave me no choice but to consider those decision makers involved to be traitors to the country and guilty of crimes against humanity as grievous as Idi Amin, Po Pot, Milosivich, and Stalin to name afew. To say they didn't know the risks is to acknowlege their total incompetance and drive home the need for extensive regulation. Or they are competant and know what they are doing and the risks involved and don't care if it destroys the economy, national security, and human lives, in which case they are criminals and should be prosecuted. How many people have died from the loss of their retiremnt income, homelessness after the forclosure of the homes, loss of their jobs for billions made by a handfull of big investors.
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