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Republican Debate 9-22-11
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<blockquote data-quote="Catatonic" data-source="post: 881740" data-attributes="member: 7966"><p>I happen to disagree with that.</p><p></p><p>I believe the thoughtful regulation of business to ensure that businesses are forced to operate in a way that is beneficial to society is a very good and necessary responsibility of the government. To me, that is part of the infrastructure that makes the country stronger. </p><p></p><p>Unfortunately, much of the regulation of business does not do that. I think you would agree (per your 2008 reference) that the government regulation of the financial industry was the main reason for the 2008 economic collapse. Both parties were equally involved in this lack of fiduciary irresponsibility. BTW, Canada did a very good job of regulating their financial industry and did not suffer like the US did (hate to give klein that one but its true).</p><p></p><p>The antitrust laws, the pro-labor laws, etc are examples of good, socially responsible regulation of business.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 881740, member: 7966"] I happen to disagree with that. I believe the thoughtful regulation of business to ensure that businesses are forced to operate in a way that is beneficial to society is a very good and necessary responsibility of the government. To me, that is part of the infrastructure that makes the country stronger. Unfortunately, much of the regulation of business does not do that. I think you would agree (per your 2008 reference) that the government regulation of the financial industry was the main reason for the 2008 economic collapse. Both parties were equally involved in this lack of fiduciary irresponsibility. BTW, Canada did a very good job of regulating their financial industry and did not suffer like the US did (hate to give klein that one but its true). The antitrust laws, the pro-labor laws, etc are examples of good, socially responsible regulation of business. [/QUOTE]
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