Certainly not this country. Lets see...we have the EEOC, the IRS, the EPA, OSHA, Obamacare, etc etc etc. We are regulated up the ass.
And if you cared about the 99%, you would be up Barry's butt crack to get him to reduce the additional 4,200 regulations in the PIPELINE as of 2012 per DEMOCRAT Blanche Lincoln.
She claims it is the number 1 reason why small businesses are afraid to hire and I am not going to argue with her.
Seems like your point is that we can "regulate" our way to prosperity.
Ask any of your buddies that own a business if they feel they aren't "regulated" enough. Get back to me. lol
When the state and powerful private interests collude the result is a cocktail of market distortion.
Why can’t you get any kind of return on your money in a CD, the traditional vehicle for retirees? Crony capitalism.
Why can Goldman Sachs, the largest investment bank, speculate in markets using newly printed government money that has been borrowed virtually for free? Crony Capitalism.
Why is Detroit a shadow, barely a shadow, of what it once was? Crony capitalism.
Why are there more farm regulators than farmers? Crony capitalism.
Why does Congress write laws that are longer than the Old Testament with obscure, impossible to understand language? Crony capitalism.
Genuine capitalism in comparison, is quite simple. Capital is invested by individuals to further ideas and enterprises that the investor thinks will create a return on the money invested. If the enterprise in question is a good one, both investor and business owner win. If not- better luck next time. Genuine Capitalism is clear, it's simple, it's moral.
However, invariably once the state gets involved as investor, or “regulator”, things start to morph and twist. As sure as the sun rises, coercion and corruption rear their heads.
Crony capitalism can take many forms including regulatory capture ( regulated interests actually using government power to squelch competition), zoning, licensing, in some cases even copyright, and hundreds of other ways. The one thing all of these “tools” have in common, however, is that they are used by the politically connected few to extract money and power from the unconnected.
Go to a law library and chose your subject, say banking as one example. Find the federal laws in effect. There are thousands of pages.
That is the start. The laws are then refined by the Regs promulgated by agencies. THere are tens of thousands of pages of Regs. (There are at least 100 pages of regs for every page of stats.)
That is the second start, as this is only federal. Now find your state laws and see a thousand more pages of stats and another 5000 pages of state regs.
In fact, Regulations help big business because they can comply with lawyers and accountants. The small person trying to break in is the one hurt
