The banks were already "Regulated" but it made no difference. Creating a law does not prevent something from happening it just establishes a punishment should something happen or forces extra costs on to an industry which ultimately forces out smaller competition. They should have let the banks fail that chose the practices they chose then let the people sue for their money. The result would be other banks being more careful not to make the same mistake and hopefully a more careful consumer on choosing a bank. But government also contributed to that crisis through laws forcing banks to make riskier loans as well. Laws against murder donÂ’t stop murders. Laws against guns donÂ’t stop people from having guns. Laws against prostitution donÂ’t stop prostitution. The regulations that are meant to stop e coli in the food industry at the end doesnÂ’t prevent it from happening. At the end regulation is just a costly tactic that at the end just helps big business kill small business competition.
As for the free trade, IÂ’m stating free trade in countries where American companies are moving to in order to pay lower wages would stop if you made it less beneficial to do so. At the end, America is the worldÂ’s consumer driven by our desire to own stuff and spend every dollar we earn. So IÂ’m just saying that by using a tax to equalize American industry would help slow companies from fleeing the countries high labor costs. But at the end it wonÂ’t happen anyways so the point is mute. This has been an issue since before the civil war and will be an issue long into the future as well.
No, creating a law doesn't do anything. You have to actually create GOOD LAW and make sure it's being implemented.
Yes, if it were less beneficial for companies to go somewhere else, they might think about it. At the same time, Americans want to buy stuff and not have to pay through the nose for it because you have to pay wages that are too high.
The thing is, the US govt needs to decide what sort of country the US is. Is it one where people earn good wages by having skilled people, ie, the need for better education, and targeting of skills towards this sort of thing, or one where people produce rubbish for low wages and stuff education, that gets in the way of making money.