iawai: My better solution is to abolish the subsidy network that props up politically connected "old money" industries, to distribute the regulatory structure to privately owned regulators who can better keep the big guys in check and not place undue burdens on small startup businesses, to stop pretending that the government has any interest in helping poor people, because poor people don't prop up their donations nor do they have a stake in the revolving door of big banks and big industry and the govt.
iawai: to stop pretending that the government private industry has any interest in helping poor people
RanDomino: Maybe the problem is that the word "government" is being thrown around when what's really meant is "State". If you want to call any large-scale organizational system a 'government' then we'd have to start talking about a 'Stateless government' which makes my brain hurt just typing it.Anyway, I'm done with this thread, so here's a straight answer.
Sergeant Grumbles: I wouldn't call that a better solution. In fact, I'd say the complete opposite. That's a horribly stupid idea.Privatizing the regulatory framework is probably the worst possible thing that could be done. Or did you believe the banks when they said they could police themselves?
Sergeant Grumbles: As long as I have a vote, I trust the government more than I do private enterprise. A shareholder can be bought out while voting is a right.
iawai: I don't trust the banks to regulate themselves, that's why (1) I don't want the govt regulating them, (2) I don't want a fiat currency, (3) I don't want to pay taxes to an institution that bails them out, and (4) I would rather trust a private regulator who could be judged by independent courts to be at an arms-length from the regulated entities.
Sergeant Grumbles: iawai: I don't trust the banks to regulate themselves, that's why (1) I don't want the govt regulating them, (2) I don't want a fiat currency, (3) I don't want to pay taxes to an institution that bails them out, and (4) I would rather trust a private regulator who could be judged by independent courts to be at an arms-length from the regulated entities.You don't want to live in reality. Could have just said that.
iawai: And you don't want to accept that you live in a reality that sucks. Could have just said that.
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