All you libertarians who blame regulation for inequality and economic problems...

Discussion in 'Politics' started by Communism, Jan 21, 2013.

  1. Communism
    Offline

    Communism Rookie

    Joined:
    Jan 21, 2013
    Messages:
    11
    Thanks Received:
    1
    Trophy Points:
    1
    Ratings:
    +1
    You can blame the alignment of Jupiter for all I care, but the fact of the matter is, the lowest levels of regulation coincided with the highest levels of wealth inequality within this country. Our most regulated era was the time between the Great Depression and now, and it also coincides with the least amount of economic volatility.

    There are two factors to consider, when talking about economic stability within a capitalist society: where wealth resides without any regulation, and the results of it. Without any regulation whatsoever (or rather, as minimal as possible while still being capitalist, since you have to have a little regulation just to make sure some guy pays for services rendered), the middle of the economic pyramid disappears. This is because wealth has money-making abilities within itself. If you have $100k in the bank, you have more than double the money making potential than having $50k in the bank. It bring the average money making up, and therefore prices up, where the people below that level lose wealth, and the people above it still gain wealth because of the issue I described above.

    The other factor is that, when a society loses its middle section of the economic pyramid, it either collapses or it because a tyranny. Not "he raised my income tax by 3%!" tyranny, but "kill all politicians who don't agree with me" tyranny. It happens literally every time to every society throughout history. And equally importantly, it doesn't matter if that inequality was fair or not. If it was because people were lazy, it doesn't matter. You still have the inevitability of collapse or tyranny.

    So you can argue about the "right" amount of regulation all you want, the consistent conclusion of as-close-to-zero-as-possible regulation won't work for a society.
     
    • Thank You! Thank You! x 1
  2. Communism
    Offline

    Communism Rookie

    Joined:
    Jan 21, 2013
    Messages:
    11
    Thanks Received:
    1
    Trophy Points:
    1
    Ratings:
    +1
    9 views no comments? Perhaps this site is full of Komrades like me, although they are not verbose these supposed Komrades.
     
  3. LibertyLemming
    Offline

    LibertyLemming VIP Member

    Joined:
    Oct 31, 2012
    Messages:
    1,988
    Thanks Received:
    149
    Trophy Points:
    83
    Location:
    USA
    Ratings:
    +167
    Tag for when I'm home
     
  4. TakeAStepBack
    Offline

    TakeAStepBack Gold Member

    Joined:
    Mar 29, 2011
    Messages:
    13,935
    Thanks Received:
    1,723
    Trophy Points:
    245
    Ratings:
    +2,012
    :lmao:
     
  5. SniperFire
    Offline

    SniperFire Senior Member

    Joined:
    Feb 28, 2012
    Messages:
    13,627
    Thanks Received:
    1,219
    Trophy Points:
    48
    Location:
    Inside Your Head
    Ratings:
    +1,223
    Regulation has been soaring for years now, and so has income inequality.


    Fail.
     
  6. Mad Scientist
    Offline

    Mad Scientist Deplorable Gold Supporting Member Supporting Member

    Joined:
    Sep 15, 2008
    Messages:
    23,938
    Thanks Received:
    5,211
    Trophy Points:
    270
    Ratings:
    +7,678
    I've never blamed "regulation" for all that.
     
  7. Communism
    Offline

    Communism Rookie

    Joined:
    Jan 21, 2013
    Messages:
    11
    Thanks Received:
    1
    Trophy Points:
    1
    Ratings:
    +1
    Nice one liners. Nobody can tackle this argument. Regulations are a must have.
     
  8. Intense
    Offline

    Intense Senior Member

    Joined:
    Aug 2, 2009
    Messages:
    44,909
    Thanks Received:
    5,849
    Trophy Points:
    48
    Ratings:
    +5,863
    Regulations that show both cause and the consent of the Governed , yes. It is all in the details, and the difference can be life or death, Heaven or Hell.
     
  9. whitehall
    Offline

    whitehall Gold Member

    Joined:
    Dec 28, 2010
    Messages:
    27,769
    Thanks Received:
    4,332
    Trophy Points:
    290
    Location:
    Western Va.
    Ratings:
    +10,724
    If you really want to consider examples of "the highest levels of wealth inequality" in the world you might want to start with the wonderful peoples communist revolution in Russia. Decades after the people's revolution in during the monster Stalin's regime there were accounts of trains full of exotic food and drink headed for the Communist elite dachas passing trainloads of starved corpses headed in the opposite direction.
     
  10. SniperFire
    Offline

    SniperFire Senior Member

    Joined:
    Feb 28, 2012
    Messages:
    13,627
    Thanks Received:
    1,219
    Trophy Points:
    48
    Location:
    Inside Your Head
    Ratings:
    +1,223
    Nobody buys your premise, either.

    For example, does 'income inequality' mean revolution in a rich nation?


    Our poor suffer from obesity - not starvation.
     

Share This Page