ever wonder why the nation is collapsing faster than the city of Sheffield's budget?
http://ampedstatus.com/is-it-t...art-a-new-government
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quote:Originally posted by dolemitejb:
It continues to sadden me that people who are instinctively on the right track - the track of seeing how horrible our political system is - get wrapped up in this Alex Jones nonsense. They end up missing the target on several major points.
quote:I think the fundamental difference in our philosophy is that you as a lebertarian believes that the unregulated free market will cure itself. To believe that you must put your faith in human nature. In 1999, Phil Gramm got a piece of legislation passed that deregulated wall street and took the regulation of the past away. This deregulation lead us to a stock market collapse and most of the economic prblems we face now. Human nature, left without a mechanism of control, will always devolve to evil and tyranny.
quote:Any CEO or money manager on WallStreet convicted of fraud should be personally liable to the population as a whole. Meaning, we should be able to sue for our individual losses and reclaim them.
quote:Originally posted by dolemitejb:
It continues to sadden me that people who are instinctively on the right track - the track of seeing how horrible our political system is - get wrapped up in this Alex Jones nonsense. They end up missing the target on several major points.
quote:Originally posted by dolemitejb:quote:Any CEO or money manager on WallStreet convicted of fraud should be personally liable to the population as a whole. Meaning, we should be able to sue for our individual losses and reclaim them.
This, by the way, is a good way to illustrate where I split from so many people. Good, honest people often favor more laws because they believe those laws will make the world better. They don't think about the consequences of additional burdensome red tape. In almost all of these cases, simply removing an existing government regulation would suffice. In your example, all you're really saying is that limited liability goes too far in protecting the wealth of those who cause problems. I agree - no new law needed, just get rid of limited liability.