Is the answer to bad regulation to not regulate at all? How EU is regulating isn't the only way to do it. And is bad regulation that much worse than monopoly by the billionaires? There is no distinction. At least with bad regulation you always have the chance to vote better next time. Good luck dealing with oligarchs.
I wish we could regulate the oligarchs away, but it seems to me that is precisely the right amount of regulation that allows for oligarchs to thrive.
If you regulate to protect IP owners, and basically make them rentists, you create IP based monopolies and olygarchs. If you also regulate to prevent consumer, worker and industry sector abuse, you end up with a very stagnant economy a la europe.
If you don't regulate at all... I don't know what would happen, but it sure seems interesting to me.
I have the opposite impression. They thrive where regulation lacks. And I'm not in the very least interested in no regulation because we know precisely what happens. It's another 29, dot-com bubble, housing crash waiting to happen.
Edit: of course regulation isn't a panacea. If the government is already ran by an oligarchy chances are laws will favor them. I'm talking about the kind of laws produced by functional democracies. So we also need to talk about how to make democratic institutions stronger first, then we can rely on regulation.
Is the answer to bad regulation to not regulate at all? How EU is regulating isn't the only way to do it. And is bad regulation that much worse than monopoly by the billionaires? There is no distinction. At least with bad regulation you always have the chance to vote better next time. Good luck dealing with oligarchs.
I wish we could regulate the oligarchs away, but it seems to me that is precisely the right amount of regulation that allows for oligarchs to thrive.
If you regulate to protect IP owners, and basically make them rentists, you create IP based monopolies and olygarchs. If you also regulate to prevent consumer, worker and industry sector abuse, you end up with a very stagnant economy a la europe.
If you don't regulate at all... I don't know what would happen, but it sure seems interesting to me.
I have the opposite impression. They thrive where regulation lacks. And I'm not in the very least interested in no regulation because we know precisely what happens. It's another 29, dot-com bubble, housing crash waiting to happen.
Edit: of course regulation isn't a panacea. If the government is already ran by an oligarchy chances are laws will favor them. I'm talking about the kind of laws produced by functional democracies. So we also need to talk about how to make democratic institutions stronger first, then we can rely on regulation.