patrick.net

CL says

Capitalism requires a level playing field and a healthy group of consumers. Unregulated capitalism results in wealth and income inequality, robber barons, poor working conditions and a destitute working class.

because of the great depression, congress created the SEC with the SEC act of 33/34.
which required companies to publish their financial statements. Nearly 65 years of evolution of the regulations and fine tuning.. it did nothing to stop the irrational pubic buying/paying bubble prices on stock during the late 90s later to crash 90% or like today prices of facebook or linkedin with a PE 1000x earnings. How stupid is that.

Yet.. yes.. this is creating income inequalities... so why has regulations failed.

The housing bubble is another example of failed regulations not to mention common sense. How do you regulate common sense... Tulips anyone ?

Lets add Enviromental Regulations of the late 80s and 90s... results.. killed off American manufacturing.
Try to build a Semiconductor plant in over regulated California.. good luck!

thomaswong.1986 says

Nearly 65 years of evolution of the regulations and fine tuning.

Wouldn't it matter that the GOP tends to put Fake Regulators there?

One of the benefits of minimum wage increase is to automate all mean jobs, jobs that people don't wanna do but are forced to.

Critics say that automating eliminates jobs. My question is: so what? Just change the frigging "work to pay mortagage/rent" paradigm. Let people pursue whatever shit they want, instead of sending through assembly lines (of modern education, jobs, etc).