Originally Posted by Olikan
please explain, i wanna hear the other side
Internet is regulated with service agencies getting monopolies from local government to use the public easements of utility poles and the like.
Healthcare is highly regulated with the HMO law with insurance and complicated licensing and pharmaceutical approvals.
Financial crisis is purely the cause of a highly regulated banking system controlled by a federal entity.
I guess the problem with these regulations is they didn't go far enough right? Instead of just giving for-profit ISPs monopolies on the easement the internet needs to be provided by the local government itself.
Healthcare isn't regulated enough maybe, HMO providing uniformity of insurance didn't go far enough, it created incentives for chasing profit not by differentiating coverage, but by wiggling and denying as much coverage as possible. Create more regulation and have oversight for insurance companies, or nationalize the healthcare.
Financial crisis could have been averted with more regulation. Regulate how much debt individuals could take out, regulate bank leverage, anything left unregulated should now be regulated and it will be fixed.