Quote:
Originally Posted by Radar
You're taking a huge leap and claiming I've said things I didn't. I said markets could exist and thrive without any government regulation. Without regulations on these markets, anarchy would most certainly NOT ensue. To claim that without government regulations, the markets wouldn't be regulated privately is laughable. To claim the markets wouldn't be held to standards, including standards that require honesty in trading, is on the verge of retarded.
|
What are toy industry benchmarks begging for? Government regulations. Standards so that their 'fly by night' peers must also protect kids from lead paint and date rape drugs. The most responsible American toy manufactures - those who voluntarily announced dangerous toys as soon as the problem was discovered (ie Mattel) want regulations to create a level and productive free market.
If stock markets could exist without regulations, then nobody needs a stock market. All trading would be on the street. Why do stock markets create so much trading and capital investment? To repeat what you avoid: because without those regulations, then stock trading will halt due to the anarchy. If what you are saying had any truth, then all stock markets would fail completely. Stock markets would have no purpose. Why do stock markets exist? Why do commodity exchanges exist? Because productive trading cannot exist without regulations - a standard, level, safe, and predictable trading floor (virtual or real). Anarchy (also called widespread criminal activity) would create near zero trading.
The only reason stock, bond, commodity, etc markets exist is because that is where the regulations exist and are enforced. Even the private markets demand certain government regulations so that their trading is secure, honest, and liquid.
Name one trading exchange that exists without government regulation? Smuggling? What happens when smuggling markets become legal - conform to laws? Trading increases. Everyone is wealthier. People stop getting shot down in the streets. Name that market that thrives better due to zero regulations? It does not exist. If you knew markets would be better with zero regulations, then why do you not list 100 of them? Because they do not exist. A certain amount of regulation always results in a more productive and profitable market.