Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
siegestate, yes I believe that you get the idea of asymmetrical information problems and how they can manifest in a market. But although these problems can hamper the efficiency of a market it does not mean that no markets are formed. Take the asymmetrical markets of used cars. We still have used car markets and a variety of market solutions have been developed including some business models as well as information clearing houses.

So maybe you get what I mean by market enhancing regulations vs market destroying regulations. If it is to overcome asymmetrical information for consumers then some could be actually beneficial. Of course it could also become an undue burden to small businesses.

As far as "the horrid record that capitalism has", by what standard are you judging it? It seems that all human endeavors are not 6 sigma no matter how much we live in that Utopian world. How did the alternative system work out?

As far as bashing, ask Robert what he thinks of Economists and Libertarians.

Rutherfordian ------------------------------ RDRutherford

by Ronald Rutherford (rdrradio1 -at- msn -dot- com) on Tue Apr 15th, 2008 at 02:19:53 PM EST
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