A fair or heavily regulated system also favors powerful interests by reducing the chance for start-ups to achieve a stable and competitive level

I mean... depends on the regulation.

Powerful create Jobs. I have never worked for a Poor Person.

Powerful also create the situation we currently find ourselves in with divisiveness, horizontal monopolies, and more.

Minimal regulations would be those that only cover what is necessary for safe and proper function. OSHA regs? Need those. FDA regs? could be thinned down but still need those.

@Maw thats more a criticism of corruption than capitalism

Uh, unregulated capitalism is inherently going to get more corrupt over time, yes, that's the problem.\

there are thousands of regulations and laws that can be applied, they just never are because reasons....

for law makers, each problem requires a new law...

Or could it be the desire to redistribute Wealth?

The Great Reset right?

Eh? That's a different topic.

Is it really?

Yep.

We disagree.

Let me know how economic regulation equals redistribution and maybe we'll agree.

corruption occurs because decisions get delegated

Please define what you are calling Economic Regulations?

Regulations on tax deductibles, regulations on corporations buying out competition, regulations on horizontal and vertical monopolies, regulations on corporate money in politics, regulations on numerous other things which primarily relate to ethics issues.

we already have thousands of these

Certainly isn't working at all now is it:?

@Phil thats because they are selectively applied and deliberately left ambiguous

Sounds like it's not good regulation then.

@Maw depends though on what you mean by not working. you are among the richest people that ever lived and are among the top 10% richest people on the planet today

And? Do we really want corporations to be able to hire illegal immigrants under the table and pay them below minimum wage? I don't understand the argument of 'oh, well, we're still better off than X'.

@Maw if i give everyone $10 is everyone richer?

Why are you bringing up wealth redistribution?

@Maw if the minimum wage goes up, people have more money, they demand more goods and services, sellers see rise in demand and raise their price.

I'm talking about an ethical problem, not minimum wage.

We are number three in the world on creating individual wealth per capita.

Cool.

@Maw somebody has to come last in society. is that ethical? its a matter of fact. peoples talents and skills are not distributed uniformly

Again not talking about wealth redistribution, stop thinking I am.

@Maw to prevent corruption, have fewer politicians and pay them more (obscenely more)

What?

@Maw yes

I can't even.

@Zuluzeit Help me here. I need to do my hair.

Actually the cost of goods increase due to cost of production. It has very little to do with supply and demand?

you have to be prepared to have much fewer people making decisions. this makes the system more accountable. so its very clear who is corrupt

you have to pay them obscene amounts of money. money is why people take bribes and become corrupted. if there is no financial reward there is little incentive