I was going to quote a couple of different posts here, but I will just try to compile what I agree with above.
As someone pointed out, when there are already big companies then it is not a level playing field.
And you have to have money to make money. De-regulating will make it a little easier for people to start new businesses and banks, but it is not enough to do it on it's own.
At this point, de-regulating without putting some serious thought into the implementation of de-regulation could leave us worse off then ever before.
As the industry standard for what is expected of laborers and what they can expect to earn is being lowered to near slave labor conditions around the world, the power of people outside of the already rich to start their own businesses is quickly shrinking. One cannot just snap their fingers and start a business, particularly one that can have any hope to compete with businesses that are willing to employ people outside the United States at near slave labor conditions. You just cannot beat their prices because of their lack of overhead in the form of wages and benefits. Ask the people who went out of business in some places thanks to Wal-Mart.
Just an FYI. It's not that I don't think that de-regulation is the best answer. I do believe it can work. But if someone has cancer you don't grab a butcher knife and cut it out. You get someone who knows what they are doing to get a precise instrument to perform the procedure. And that's what we need here. My above story about what happened when we "de-regulated" the media is an excellent example of what can go wrong.
Connect With Us