Quote:
Originally Posted by darryl
As above, it may well indicate that regulations in general are not an effective solution.
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In the global corporate environment we're discussing, regulation will more often than not turn one problem into another.
And as to the 2008 economic meltdown, it wasn't really the result of regulatory failure. It was an unavoidable result of regulatory "success".
Look it up.
Detailing it and naming names would get too political but the regulations achieved exactly what they set out to do. But, thanks to the law of unintended consequences, the way it was achieved caused the sub-prime crisis. Dozens of similar examples abound. Most major social and political issues in the US are the result of "solving" previous versions of the same problem.
Much like the way the Agency conspiracy of 2010 "solved" the problem of Amazon occasionally undercutting smaller retailers by killing the smaller retailers.
