The failure of deregulation

Discussion in 'Economy' started by starcraftzzz, May 17, 2012.

  1. starcraftzzz
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    starcraftzzz Senior Member

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    Electric deregulation fails to live up to promises as bills soar - USATODAY.com
    ^States that deregulated their energy sectors saw costs increase 30% more than states that regulated their energy sectors.
    ^
    Electricity Restructuring by State
    ^Map showing deregulated states/ regulated states etc.
    Economic Failures of Private Water Systems | Food & Water Watch
    ^In America deregulated water utilities cost on average 27% more than their government owned counterparts. American private water companies charge 13-50% more than government owned water utilities

    http://www.nytimes.com/2006/12/11/opinion/11schlosser.html?_r=1&pagewanted=all
    Food risks up, inspections down - Health - Infectious diseases - msnbc.com
    MakeOurFoodSafe.org - Make Our Food Safe
    ^report shows that there are 76 million foodborne illnesses, and 5,000 deaths costing more than 12 billion each year in just medical costs.
    ^Defunding/deregulation of FDA/USDA has resulted in an 81% drop in services which as a result the number of foodborne illness outbreaks has increased by around 300%.
    ^Current food safety expenses are 650million (FDA) 970million (USDA) or 1.6billion total. Expansion of food safety spending of 125 %( 44% higher than needed to achieve 1980 levels of service) would cost 2 billion dollars a year.
    ****Deregulation/funding cuts of the FDA has caused 36 million more foodborne illnesses, likely resulting in 3,000 more deaths and net of at least 5 billion dollars more a year in medical costs. When taking into account life expectancy time off work and other non-medical costs the amount staggers up to 50 billion dollars each year.
    ----So expanding the FDA/USDA spending by 125% (2 billion dollars) would save 3,000 lives and save around 50 billion dollars each year.
    ^
    Senate Reaches Agreement On Food Safety Bill To Exempt Small Farms
    The new food safety modernization act of 2010, expands the FDA by 1.4 billion, and gives the FDA and other food safety agencies more regulatory power. These two things will help save 3,00 lives and a 50 billion dollars each year.
     
  2. Truthmatters
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    Truthmatters BANNED

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    everytime we deregulate the people get fucked
     
  3. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    so are you a communist? Do you want bureaucrats in DC to run all industries?
     
  4. itfitzme
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    itfitzme VIP Member

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    So, are you a moron that wants to get salmonella and e-coli poisoning?
     
  5. tjvh
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    tjvh Senior Member

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    Regulation? Like how the SEC worked so well for Bernie Madoff.
     
  6. itfitzme
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    itfitzme VIP Member

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    You mean the failure of the SEC to regulate?
     
  7. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    and a fool liberal thinks government regulators will prevent that?? Red China was well regulated and 60 million slowly starved to death. Now they have capitalist regulation and they buy more cars than we do having started from scratch just 30 years ago!!


    Warren Buffett: "There are significant limits to what regulation can accomplish. As a dramatic illustration, take two of the biggest accounting disasters in the past ten years: Freddie Mac and Fannie Mae. We're talking billions and billions of dollars of misstatements at both places".

    Now, these are two incredibly important institutions. I mean, they accounted for over 40% of the mortgage flow a few years back. Right now I think they're up to 70%. They're quasi-governmental in nature. So the government set up an organization called OFHEO. I'm not sure what all the letters stand for. [Note to Warren: They stand for Office of Federal Housing Enterprise Oversight.] But if you go to OFHEO's website, you'll find that its purpose was to just watch over these two companies. OFHEO had 200 employees. Their job was simply to look at two companies and say, "Are these guys behaving like they're supposed to?" And of course what happened were two of the greatest accounting misstatements in history while these 200 people had their jobs. It's incredible. I mean, two for two!

    “Whatever regulatory changes are made, they will pale in comparison to the change already evident in today’s markets,” he said. “Those markets for an indefinite future will be far more restrained than would any currently contemplated new regulatory regime.”-Alan Greenspan
     
    Last edited: Jun 3, 2012
  8. ShootSpeeders
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    ShootSpeeders Gold Member

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    Deregulation would work if it was combined with a policy of no bailouts. Then companies would regulate themselves.
     
  9. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    capitalism is no bailouts!! 10,000 companies go under each month!!

    The banks did not really get bailed out out as much as we did since the bailouts protected our money, most bank shareholders got wiped out on the other hand!! Plus, the bailout money was repaid while personal welfare bailouts are not ever repaid but rather designed to buy votes for democrats.
     
    Last edited: Jun 3, 2012
  10. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    and the failure of Congress to regulate Fanny
    and the failure of Congress to regulated Freddie
    and the failure of Congress to regulate the Fed
    and the failure of Congress to regulate accounting standards
    and the failure of Congress to make Sarbanes Oxly regulate accounting statements even after Enron!

    you see dear, soviet regulators are human and subject to causing systemic failure like the current depression and 1929 Depression, while capitalists operate in an environment that provides instant rewards and punishments , relatively speaking, for not pleasing your constituents. Moreover, capitalism prevents monopoly and systemic or national failure, while liberal soviet monopoly encourages it.

    And now even you can understand why intelligent people are Republicans and capitalists. Are you intelligent??
     

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