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...You're being way too reductionist, buying the anti-regulation propaganda. To be sure, there's plenty of bad things to be said about regulations. But it's tremendously naive to believe that a lack of regulations - a case which we have recently experienced with the deregulation of the finance markets and of Wall Street, and the subsequent financial melt-down - will cure our ills.

There is ample evidence of corporate fraud in recent years, not the least of which is around the mortgage securitization processes.

We need a level playing field, with known, equitable rules, and with enforcement, and with judicial review.

Commit to regulation and a pro-governance model? Lose.

Commit to a corporate model and a pro-corporate model? Lose.

It's about balance.




it's tremendously naive to believe that a lack of regulations ... will cure our ills. ... It's about balance.

You'll have to first account for two words: "regulatory capture".

Until you can find a miracle to get around that problem, regulation is in the long run destined to be turned inside-out and used to sustain the industries. Look no farther than the current debates about various IP problems for an example.




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