Tuesday, July 2, 2013

More regulation needed? WRONG!

Stop falling for the trap of demanding more & more regulation.

Regulation hampers small, local businesses while keeping loopholes open for bankers and big industry. Naturally it leads to system instability because the money is draining out.

Contrary to most assumptions, Globalization in its most destructive forms today is heavily dependent on govt subsidies and active govt intervention to protect big industries. A real free market system will KILL big industry.

This lecture by Michael Shuman from Post Carbon Institute brings it out : http://www.youtube.com/watch?v=jRwnx9wLEAE

Here's a good source for news and information regarding globalization vs localization & real economics : https://www.facebook.com/TheEconomicsofhappiness

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