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RE: The common illusion that free market capitalism bring people out of poverty
Regulation has NEVER increased at the same speed of Tech, it always LAGS then over-compensates to TRY and make up for the initial lag. Human Nature...
New tech give new possibilities, also for taking advantage. Then you got the choice to let them keep on taking advantage with no regulations, or making regulations to protect the people.
Some laws are made to empower the rich and powerful or to control the masses, some laws are made to moralize, some laws are made by stupid people. None of those are good for the citizens, and should be deleted. Some laws are good for only parts of the population. Should they stay? Debate needed. But when we talk about regulations like the examples I mentioned, where the goal is to protect the hole population from harm, I would say; no discussion, those are needed.