Europe

[Beskar]

Why do people think regulation is always a bad thing? I remember reading about the days when there were no regulation and missing body parts was an all time high. Regulation is important to make sure things go right and proper regulation would have stopped the problems in the economy.

Also, defending the banks all the time just shows naviety. Looks at the recent (see: month or so ago) when the banks made a big profit. They spent 2 billion on bonuses. While Furunculus might think this was a brilliant idea, especially as we had to bail them out for doing such a poor job, there were far better uses of that 2 Billion such as putting it into loans to help the economy, or even invest it in capital, or even pay back the tax payer some of its money.

On another note, could we stop talking about tax payers money in relation to GDP? It is a scam. You could go "Bankers Free Ride on the Government is 2% GDP" which translates to 10% of National Tax Income. It makes people think that it is only costing 2% when the ratio to taxes is far higher.

[gaelic cowboy]

For you Beskar

[Furunculus]

Why do people think regulation is always a bad thing? I remember reading about the days when there were no regulation and missing body parts was an all time high. Regulation is important to make sure things go right and proper regulation would have stopped the problems in the economy.

Also, defending the banks all the time just shows naviety. Looks at the recent (see: month or so ago) when the banks made a big profit. They spent 2 billion on bonuses. While Furunculus might think this was a brilliant idea, especially as we had to bail them out for doing such a poor job, there were far better uses of that 2 Billion such as putting it into loans to help the economy, or even invest it in capital, or even pay back the tax payer some of its money.

On another note, could we stop talking about tax payers money in relation to GDP? It is a scam. You could go "Bankers Free Ride on the Government is 2% GDP" which translates to 10% of National Tax Income. It makes people think that it is only costing 2% when the ratio to taxes is far higher.

because regulation is a blunt tool that invariably acts to torture human nature away from its natural expression.
because regulation is beloved and most extensively practiced by those of a statist nature who believe in social engineering.
because regulation, implemented lightly and judiciously, is something that statists never achieve, because there is always another element of the human condition they can 'improve' with just a bit more regulation.
because social science is not a science, it is a faith that you can express the breadth of human emotion and frailty with a simplified model of collective behavior.
it is an arrogance that leads to ideology which is invariably a universal failure for the reason mentioned above, and it is usually grossly intrusive to the individuals it is practiced upon.
worse, the damage that is done by these social engineers is blithely disregarded as a necessary and temporary evil, to achieve the glorious emancipation of humanity......... as they see it.
there is a world of difference between a social engineer/scientist and an real engineer or scientist, and I will always have contempt for those that think they can engineer away the less perfect parts of the human condition via some pseudo-scientific ideology realised as a non stop bombardment of regulation.

re: the banks, if our government is even half-way competent then it will eventually make the taxpayer a profit when it sells off its stake in the banks. however, the fact that they created the tripartite system of financial governance in the first place shows that they are not competant, i can only hope that the Cons do better.

and no, i will never stop drawing attention to the fact that government spending is created out of taxing me and you, and that when a government is spending over 40% of GDP it is quite simply immoral.