Saiwania wrote:Donut section wrote:I'm still going with government is less trustworthy than the private sector, so we should probably scrap all regulations, regulatory bodies and amend the constitution to make sure that they never can come back.
The problem is that regulations usually have a reason for existing. Hell no, the private sector can't be trusted to work within the public's best interests.
All that ever happens with deregulation is that the owners of capital privatize any gains and socialize the losses. Lessons weren't learned from the 2008 financial crisis and it appears that it will be allowed to happen yet again. The banks if allowed, are going to make the same casino capitalist bets that will tank the entire world economy and when bailed out- are going to write blank checks to failed CEOs and executives once again.
But without government who is going to bail them out?




