Quote:
Originally Posted by Avatard
.....For a Capitalist system to work in a Democracy, regulation is necessary when the market does not self-adjust to eliminate and correct unethical business trends that are predatory to consumers......
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Usually the problem is over regulation causing increased prices and trade barriers.
The main cause for the crisis we are in is the result of giving money to people who should never have been lent it in the first place. Too much available credit...4 people on one mortgage...0 down loans etc. There was way too much risk. Now..the market IS correcting itself by loans going into default and banks closing, BUT the government stepped in to save the day (money we can't afford) and now the debt climbs higher again and market correction process is again fucked up.