The debate "The US free market has to much red tape that it is hard to call it free.Its Restricted market" was started by
October 8, 2015, 2:22 pm.
10 people are on the agree side of this discussion, while 8 people are on the disagree side.
People are starting to choose their side.
It looks like most of the people in this community are on the agreeing side of this statement.
Hitmenjr posted 7 arguments to the agreers part.
historybuff posted 7 arguments, Hitmenjr posted 2 arguments to the disagreers part.
Hitmenjr, bigB, ailasorecarg, otakunime00, Skeetc15, deca808, Austin7779 and 3 visitors agree.
historybuff, PsychDave, stevenchen, Ryan and 4 visitors disagree.
I don't have a strong opinion either way. but if they banned internships they would still need people to do the work. they'd just have to pay them for it.
True dat...but what about internships...If they outlaw work for experience...then many businesses are not going to give me the chance to get that experience...
I'm not saying all bureaucratic bull shit makes sense. But you're not talking about a free market. Just freedom bureaucracy. government's control of industry standards and practices is still critically important. if it was a truly free market businesses could pay anything they like (like 2.00) an hour. they could dump waste in you backyard. they could pour out as much pollution as they want.
But there are still other ristrictions that small business owners strangle themselfs out of business because of all the red tape...like my dad's business that my grandpa opened around 50-60 years ago...he had to go through a rigorous prosses that idled the business for 2months because of the new laws bureaucrats send through, thank God for McDonalddugless for helping them through that (My dads business is a machine shop)...and they are completely unnecessary...did you know that you have to register how many refrigerators you have in a work place? Did you know you can not store your aluminium with your galvinised steel because it "might tamper with metal pureity". Did you know that the building it is in has to have grade 2 bullet proof glass in the windows if they are on the same side of the building? The list went on and on...That is what I mean when there is to much red tape...
Ok...thank you for enlightening me on this...
the kind of restrictions Canada has. The US banks all did extremely risky extremely stupid things. banks in Canada weren't allowed to do so. They really wanted to. But government regulations wouldn't let them. Our banks didn't go bankrupt.
Should of not your their...In retrospect i should of put our.
What restrictions would of had prevented your "crash"?
You should be thankful it isn't a free market or the entire American banking sector would be gone and you would have gone into something like the great depression
which definition are you looking for? there is the financial definition, a colloquial one as well as others. when an entire sector of the economy collapses causing the destruction of the biggest players in the sector I would call that a crash. the only reason you have a banking sector left is because the government stopped them from collapsing.
Its because of inflation...not because of improper regulations...The reason you don't see eroupe crashes its because they have a unified currency and no one country can mynt it...so a vote goes out to print money it largely eleminates inflation.
Do you even know what a crash is?
that isn't a correction. that is a crash. and the parts of the world with proper regulation didn't crash like that.
Ok...if you really think that the market recorrection was because of a LACK of regulation...we have no hope of negotiating...market recorrections are just going to happen...there is no way to prevent them...they are a natural part of economy every where...
The market crash a few years ago was exactly because there was little to no government regulation. the banks were allowed to do risky and stupid things. Canada's banking system was largely immune to the crash because government regulation stopped them from doing stupid risky things. A completely free market is a terrible idea. there must always be a counter balance to protect society from unrestricted greed.