The Reaganomics Fraud:

[mrplunkey]

How about worker safety, industrial pollution, child labor, hours, that sort of thing, should those be determined by the market, or regulated?

First of all, don't kid yourself. Worker safety has and will be regulated by the trial lawyers. So that one is a done deal.

Industrial pollution: If it's a truly hazardous material, then sure, establish laws to regulate it. But look at the garbage we regulate now. CO2? That's the most ridiculous crap I've seen in a while. An even better solution would be to qualify private businesses to implement the standards to completely avoid the EPA debacle we have right now.

Child Labor: Who is going to do business with companies that use child labor? Companies that use child labor legally who are half-way across the planet get shelled publicly for that. There's no way that would fly in the US.

You have a misguided notion that businesses simply want to rape and pillage. The don't. They want to make money. And making money requires a host of skills, some of which involve making sure you don't do things that turn-off your customers (i.e. child labor, pollution).

 

[PICK3]

First of all, don't kid yourself. Worker safety has and will be regulated by the trial lawyers. So that one is a done deal.

no law ... no lawyers

just sayin'

Industrial pollution: If it's a truly hazardous material, then sure, establish laws to regulate it.

what about "special interest group" influences

 

[mrplunkey]

no law ... no lawyers

just sayin'

Yeah, but when you get sued, you don't get sued for violating some OSHA guideline. You get sued for negligence or some other general-purpose tort. Even if there's a law for the safety shield not being high enough, they'll get you for the broader stuff.

what about "special interest group" influences

How could it possibly be any worse than it is now?

 

[PICK3]

Yeah, but when you get sued, you don't get sued for violating some OSHA guideline. You get sued for negligence or some other general-purpose tort. Even if there's a law for the safety shield not being high enough, they'll get you for the broader stuff.


How could it possibly be any worse than it is now?

my point was (I guess agreeing with db) we prob need some govmint regulation

can't return to cost estimating mining jobs by the lives of coal miners and associated payouts

just sayin'

 

[mrplunkey]

my point was (I guess agreeing with db) we prob need some govmint regulation

can't return to cost estimating mining jobs by the lives of coal miners and associated payouts

just sayin'

There's nothing wrong with setting up broad rules of the road. But what we do now it 1,000x that.

 

[PICK3]

There's nothing wrong with setting up broad rules of the road. But what we do now it 1,000x that.

agreed, butt when you define one of govmint's functions as to regulate ... the line between "regulate whom" and "how much" gets blurred


just sayin'

 

[Mr. dB]

You have a misguided notion that businesses simply want to rape and pillage. The don't. They want to make money. And making money requires a host of skills, some of which involve making sure you don't do things that turn-off your customers (i.e. child labor, pollution).

Those who don't learn from history are doomed to repeat it. Some businesses will do anything to gain an advantage, and with no regulations or other oversight someone will push the limits of good taste, and as soon as one does it, everyone will have to if they want to compete.

 

[javaguru]

Good lord that's a load of pie in the sky. The greed that Capitalism is most susceptible to is Corruption.

In honor of the royal wedding, I should point out that Capitalism has been the best ism humans have ever embraced, Feudalism is shitty and I can't understand celebrating monarchy.

 

[javaguru]

Those who don't learn from history are doomed to repeat it. Some businesses will do anything to gain an advantage, and with no regulations or other oversight someone will push the limits of good taste, and as soon as one does it, everyone will have to if they want to compete.

Interesting, I've contracted with fortune 100's and 500's and have always been treated well even though as a small independent contractor I would have no real recourse if they fucked me over. I did my law school thesis in banking law (S&L Crisis), a highly regulated industry, and it doesn't prevent abuse it just means the regulated divert capital to compliance, politicians, and the regulators. That means that taxpayers pay for the increased government bureaucracy as well as the increased cost of the regulated product to pay for compliance, politicians and regulators. After every bubble congress passes a law claiming it will never happen again and within the next twenty years it happens again. Nobody remembers the Clinton Peso bailout of Wall Street because there was a dot com bubble.

 

[mrplunkey]

Those who don't learn from history are doomed to repeat it. Some businesses will do anything to gain an advantage, and with no regulations or other oversight someone will push the limits of good taste, and as soon as one does it, everyone will have to if they want to compete.

Have you ever worked in or for a medium or large-sized business?

You believe you have this in-depth knowledge of how business works. I'd like to hear why.