[QUOTE=jefethegreat;2914944]I completely agree on the bold section... but you know while the executives do abuse their power when they hold their position, it is much harder to do so in a competitive and free marketplace. If one CEO gets greedy and wastes his profits on God knows what, as least it's just his company who fails, but when you start regulating these companies it just makes things worse. They send lobbyists to Washington and manipulate their industry to add more entry barriers. These companies artificially gain larger profits and become more corrupt and inefficient. My point is that the reason these companies became so corrupted and inefficient are the very regulation the government put on their the industry. We need to deregulate the markets and dissolve Washington's power. Unlike Washington the free market is efficient, in perfectly competitive industry all profits hover around zero, while no industry is perfectly competitive the closer to perfect competition the better. With small profits the high-ups have less money to waste and lobby with.
This is the direction we should move in. A free market system like the one that made this country great the first 130 years of its existence. Adding more regulation to the management of corporations is not going to help anything. The management will manipulate and break the new laws (just as they have the old laws) to stay in power and gain huge sums of money. We need more competition, thats the only way to solve this problem.[/QUOTE]
yes, because heaven forbid if we actually regulated business and made level playing fields, ones that enforced ethical business practices.
Funny, we all like football here. Yet, football is regulated. How would a football game work if it didn't? I think when you guys here regulated, you think government bureaucracy....it doesn't have to be that way. Business needs referees, and I think we are starting to see more and more (if we are willing to honestly assess the global financial crisis) that it is needed.