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Originally posted by lendaddy
As evidenced by...........?
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I would argue that the U.S. had a freer economy during the pre-labor law days of the Industrial Revolution. The standard of living was low, as was per capita GDP. When workers started to organize, both standards of living and productivity went up.
Furthermore, in cases of major companies disregarding government regulation (Enron), the results are disastrous for the working- and middle-class. Or, if you look at an industry that has flouted attempts at regulation (Microsoft) the consumer gets an inferior product at a high price.
Ergo, less regulation is not always better.
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I don't think it's ever been tried. We are the closest........we are the most successful. Coincidence?
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True. So if you accept that the current state of the economy is the best its ever been in the US (not everyone agrees) you have evidence that THIS exact level of control is optimal. To suggest that removing further controls is better is pure extrapolation, which is to say, speculation.
However, if you look at the distribution of wealth and see that the wealthy are becoming wealthier, you might
not think that this current economy/level of regulation is optimal.