On Mon, Jun 20, 2011 at 3:18 AM, Michel Bauwens <[email protected]> wrote:
a recent book on the myth of free self-regulating markets, from the University of Chicago of all places:
basic thesis: self-regulation is always done for the benefit of the few ...
but the larger question is: have their ever been, apart from illegal markets, self-regulated markets? nearly all market activities are incredibly embedded in institutional regulations, norms, etc ..
if indeed self-regulated markets are few and far between, then the question is more: what kind of regulations, and who produces and controls the regulations and the regulators,
Can you talk some more about what you mean exactly by "self-regulating"? How do I identify a "self-regulated" market? -- -- Sam Rose Hollymead Capital Partners, LLC Cel: +1-(517)-974-6451 email: [email protected] http://hollymeadcapital.com http://p2pfoundation.net http://futureforwardinstitute.com http://socialmediaclassroom.com "The universe is not required to be in perfect harmony with human ambition." - Carl Sagan