Comment by matu3ba
7 hours ago
> Regulations are practically the only thing standing between the rich and the powerful and their incessant attempt to drive even more wealth into their own pockets at the expense ordinary people's health, wealth, future, welfare, housing, etc.
Try to rethink how money is created and how money gets its value and how and by whom that wealth is distributed. Regulation as in "make rules" does not enforce rules, which is the definition of (political) power.
> The other important requirement is to increase the staffing of the regulatory agencies so that their individual workload doesn't become a bottleneck in the entire process. There is a scientific method to assess the staffing requirements of public service institutions. According to that, a significant number of government departments all over the world are understaffed.
Why are you claiming "There is a scientific method" and do not provide it? Governments do (risk) management by 1 rules, 2 checks and 3 punishment and we already know from software that complexity in system is only bounded by system working with eventual necessary (ideally partial) resets. Ideally governments would be structured like that, but that goes against governments interest of extending power/control. Also, "system working" is decided by the current ruling class/group. Besides markets and physical constrains.
> Try to rethink how money is created and how money gets its value and how and by whom that wealth is distributed.
Please elaborate.
Money is created and distributed via 1 banking system and 2 government. Are 1 rules, 2 checks and 3 punishment enforced against the banking system and government or only to stabilize and extend those systems? I'd argue the introduction of (arbitrary) rules are often just the excuses to amass power, but enforcement of checks and punishments decides who holds (political) power.
Money is printed out of thin air by the FED and then loaned out to the government for them to spend, so it enters the economy. Something along those lines.