Quote:
Originally posted by mmm3587
I guess that I probably disagree with you here based on what our values for "absolutely necessary" are. How do you feel about securities regulation, accounting rules, antitrust law and product liability standards?
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I would consider all those things absolutely necessary. The government can intervene for the health of workers, the health of consumers, the health of the enviroment and to prevent fraud. In addition, the government should intervene to increase competition.
Rules that increase transperency, create stability that leads to more competition is fine.
It should always act in the interest of consumers. Never to protect producers or people from the "swings of the market". The only time the government should do market invervention is to inrease comptition, not limit it. Airline regulations and telecome regulations that restrict access to potential new entreupeneurs should have never been implemented. The focus should always be to increase competition.
