Author Topic: Deregulation. Some good news.  (Read 3304 times)

Cardboard

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Re: Deregulation. Some good news.
« Reply #10 on: February 06, 2018, 02:43:00 PM »
"Tried finding a thread here in the politics forum about government inefficiency..."

I thought LC that you were a big fan of Liberals who can provide all that we can ever need? Government inefficiency, what is this?

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LC

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Re: Deregulation. Some good news.
« Reply #11 on: February 07, 2018, 12:23:17 AM »
I try to be as much of a realist as possible, and I'm not burying my head in the sand and saying the gov't does everything right/better.

It's usually easier to criticize the private sector because it's more publicized. The SEC requires material news to be released, tons of shareholders with their $$$ invested are constantly investigating, etc. Gov't watchdog groups are not so well funded and routinely dismissed as partisan hit jobs.

Both public/private enterprise do some things both better and worse than the other. And when each one royally screws up, it's upsetting. And both can learn from each other. The worst offending private companies can learn a conscience, and the most inefficient parts gov't can learn who their real shareholder is (the taxpayer).

The problem is, neither parties really have an incentive to do so aside from common sense.
« Last Edit: February 07, 2018, 12:27:59 AM by LC »
"Lethargy bordering on sloth remains the cornerstone of our investment style."
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rkbabang

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Re: Deregulation. Some good news.
« Reply #12 on: February 07, 2018, 05:58:03 AM »
Both public/private enterprise do some things both better and worse than the other.

This is certainly true.  Nothing beats government at efficiently slaughtering large numbers of people and engaging in theft of resources on a massive scale to fund it.  When you want wealth creation and progress you turn to the private sector, if raping and pillaging is more your style the public sector is where you go.

Cardboard

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Re: Deregulation. Some good news.
« Reply #13 on: February 07, 2018, 06:17:06 AM »
+1 Rkbabang

It remains a mystery to me why we have investors on this board who preach Munger's teachings, especially around incentives, who criticize improper corporate behaviour and abuse but, do not understand that government is the worst environment possible for lack of accountability, corruption and waste?

That is not to say that government should not have a purpose but, it should be limited to what the private cannot do.

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Cevian

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Re: Deregulation. Some good news.
« Reply #14 on: February 07, 2018, 07:06:05 AM »
+1 Cardboard

scorpioncapital

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Re: Deregulation. Some good news.
« Reply #15 on: February 11, 2018, 04:27:11 AM »
maybe we should break the boom-bust cycle of regulation and deregulation. Why do we have this pattern to restrict freedom and then suddenly, to reverse it? Human propensity to go overboard with control over others?