Quote:
Originally Posted by ViolaLee
I don't think capitalism is inherently flawed. I just think that deregulating everything, as libertarians would like, is begging for disaster.
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The truth is that no one is suggesting that 100% absolute lack of regulation is the answer. Any economist understands the problem of externality and would likely agree that there need be some accounting for it. Direct regulation of an industry is not necessarily the proper solution, though I certainly wouldn't rule it out.