
Ahnfeltia
乙女心
★★★★★
- Joined
- Oct 6, 2022
- Posts
- 8,009
Hopefully we can all agree that one extreme is infeasible and the other extreme is undesirable. Most markets -- e.g., financial, housing and mating and dating -- are too big and complex to be fully regulable by man, yet leaving everything to the "invisible hand" is often undesirable. I rest easy knowing selling housing without plumbing is illegal, and the deregulation of the mating and dating market (social contracts are regulation too) has us en route to extinction, having turned the West into a society of nymphomaniacs, satyrs and untouchables.
So that brings me to the titular question. I expect most people gravitate toward either extreme -- i.e., minimal regulation, correcting only what absolutely needs to corrected, or maximal regulation, steering as much as reasonably possible. I'm curious to know where my brocels stand and why. If you believe in a golden mean, I'm curious to hear how and why too.
Personally I lean toward minimal regulation. In my admittedly limited experience, attempts at micromanaging systems (not just markets) only begot us chaos. Nixon throwing the gold standard to the wind led to untethered inflation, releasing cats in Australia led to the extinction of the dodo, medicines with side effects led to pill organizers, Western governments trying to fix their own messes led to bigger governments making bigger messes -- need I go on?
So that brings me to the titular question. I expect most people gravitate toward either extreme -- i.e., minimal regulation, correcting only what absolutely needs to corrected, or maximal regulation, steering as much as reasonably possible. I'm curious to know where my brocels stand and why. If you believe in a golden mean, I'm curious to hear how and why too.
Personally I lean toward minimal regulation. In my admittedly limited experience, attempts at micromanaging systems (not just markets) only begot us chaos. Nixon throwing the gold standard to the wind led to untethered inflation, releasing cats in Australia led to the extinction of the dodo, medicines with side effects led to pill organizers, Western governments trying to fix their own messes led to bigger governments making bigger messes -- need I go on?
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