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bigjon said:
NJ5 said:

Final-Fan said:

(...)


2. Adam Smith

"I think a hybrid of his system is best. No regulation, but with strict oversight, which would kinda fit his system still because all oversight would be is protect the people."

This makes no sense. What is the difference? Are you saying that you want a system that identifies problems but is powerless to do anything about them?


I don't understand this "no regulation, strict oversight" thing either. Is it like having a policeman watching you being robbed and doing nothing about it?

 

 

 hmm, how do i put this using your cop analogy...

Regulation is like house arrest, you have a narrow amount of things to do and basically little freedom

Oversight is like being on parole. You are being watch closely and have a set amount of things you can't do, and if you disobey you get in trouble.

I guess a simple test is, Regulation tells what to do and how to do it, oversight makes sure you are not doing something you are not supposed to.

The problem with oversight is that many times the people in the industry are forking over money to people who are supposed to be looking over them so that they turn their heads.  I am not saying oversight isn't effective, but you are really overestimating how foolproof it is.  A smart combination of both is the most effective solution.

 



We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers…Also a quart of tequila, a quart of rum, a case of beer, a pint of raw ether and two dozen amyls.  The only thing that really worried me was the ether.  There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. –Raoul Duke

It is hard to shed anything but crocodile tears over White House speechwriter Patrick Buchanan's tragic analysis of the Nixon debacle. "It's like Sisyphus," he said. "We rolled the rock all the way up the mountain...and it rolled right back down on us...."  Neither Sisyphus nor the commander of the Light Brigade nor Pat Buchanan had the time or any real inclination to question what they were doing...a martyr, to the bitter end, to a "flawed" cause and a narrow, atavistic concept of conservative politics that has done more damage to itself and the country in less than six years than its liberal enemies could have done in two or three decades. -Hunter S. Thompson