Tired of silly debate about “Capitalism Vs Socialism”. It isn’t an “either/or” situation. Markets work best for most industries/services, but not all. Debate should be about the role of the State in regulating markets for the greater good, & the services that should remain public
Competition needed....and due diligence. Bondtraders who rely on a one liner when making trades are morons.
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The biggest problem is related to “breaking the rules” to gain advantages and increase profits. This leads to a race to the bottom. Regulation that is robust and transparent is essential. Only possible with public (State) oversight
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Legislation yes, oversight no. Assumes legislation best way of regulation. An opinion but not a truth. Problem is subcontractors not insisting on retainers to cover bankruptcy. Package holidaymakers have better protection through ATOL.
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