Regulation
When a lot of people lose a lot of money, there is a cosmic need for scapegoats and increased regulation.A Gary Shilling, 2013
Regulation is strangling businesses of all sizes in California, and we've got to streamline regulation so it's easy, not hard, to do business.
“Another advantage of increased regulation is creating thousands of jobs for lawyers.”
From LCM Perspective, Seymour Lotsoff
The idea that you can regulate prosperity is a big mistake, a world with no risks is a more fragile one than a world where some people win and some people lose / make wrong decisions. Without trust we do much less than we used to do. This is one of the reasons the world has stalled. After 9/11, the amount of rules/regulation/limits etc… really prevents business to run smoothly.
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