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0 pointsdimitrios15y ago0 comments

> 'Big government' is just a catch name for many anti regulation lobbying entities to remove power from citizens and acumulats it on corporations.

This is completely reductionist, and completely uninformed.

Banks, as an easy counter example to your worldview, don't have armies of third party regulators, corporate compliance staff, and auditors because they hate regulation. They love big government. It acts as a barrier to entry for them, because they already have the 10,000 person department ready to modify procedures and legal documents to comply with the next set of regulations while the little banks drown. Regulators frequently dine with top bank executives, but I can assure you they aren't dining with the citizenry or your local regional bank.

Every amount of extra regulation just increases tyranny. It makes the American dream more untenable. I want people to succeed and not rely on giant mega corporations for their well being and wealth generation. You can rightly claim that I'm an anti-regulation lobbying entity in this regard, if you wish.

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mrandish5y ago

+1 for paying attention in Econ 101 (and posting a POV that's probably more controversial these days than it should be).

webmobdev5y ago

Strong banking regulations is necessary to ensure that people trust the banks, and the banks don't misuse the fund you deposit with them. The collapse of some banks in US and India due to lax oversight, greed and corruption, in the last 2 decades is strong proof of this.

Hokusai5y ago

> due to lax oversight

That is an important point. Not only realisations are needed, regulations need to be enforced if we expect the banking system to work.

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