Thursday, June 04, 2009

Innovation through regulation

This article in the Economist stated that America's innovation in the technology market is achieved through regulation, rather than the free market.  

I believe that it is the duty of regulators to regulate and of government to govern.  Things cannot be left to the "free market" without proper regulation and safeguard.

1 comment:

Anonymous said...

There can never be a free market. Only a manipulated market. A wise country should strive to balance runaway market forces eg. caused by market speculation and asset bubbles.

Capitalism = market is manipulated by anyone with the financial muscle and leverage (USA).
Communism = market is manipulated by the state (Cuba).

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