As far as the Law is concerned, the government has the right to regulate. It is the government's decision whether it does or not. <br>So the free market is self-regulated only because the government allows it.<div><br>
<div class="gmail_quote">2011/6/20 Samuel Rose <span dir="ltr"><<a href="mailto:samuel.rose@gmail.com">samuel.rose@gmail.com</a>></span><br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex;">
<div class="im">On Mon, Jun 20, 2011 at 3:31 PM, Apostolis Xekoukoulotakis<br>
<<a href="mailto:xekoukou@gmail.com">xekoukou@gmail.com</a>> wrote:<br>
> I think by self-regulated he means that the government doesnt regulate the<br>
> markets. He goes on to show that self-regulation is in fact regulation by<br>
> few corporations, thus the free market is only a myth. He then goes to<br>
> explain why free market proponents have promoted the idea that the state job<br>
> is only that of 'punishing' those who do not abide by the rules, and have<br>
> withheld the true nature of the economy. That is what i understood by<br>
> reading the synopsis.<br>
><br>
<br>
<br>
</div>Thank you.<br>
<br>
<br>
It seems very fair to me to say that corporations are by virtue<br>
regulated by governments, and therefore cannot plausibly be viewed as<br>
"self-regulating". Each and every corporation has submitted it's<br>
existence to the government, and agreed to abide by the regulations of<br>
the government at least in reference to registering itself. What am I<br>
missing?<br>
<div><div></div><div class="h5"><br>
> 2011/6/20 Samuel Rose <<a href="mailto:samuel.rose@gmail.com">samuel.rose@gmail.com</a>><br>
>><br>
>> On Mon, Jun 20, 2011 at 3:18 AM, Michel Bauwens <<a href="mailto:michelsub2004@gmail.com">michelsub2004@gmail.com</a>><br>
>> wrote:<br>
>> > a recent book on the myth of free self-regulating markets, from the<br>
>> > University of Chicago of all places:<br>
>> ><br>
>> > basic thesis: self-regulation is always done for the benefit of the few<br>
>> > ...<br>
>> ><br>
>> > but the larger question is: have their ever been, apart from illegal<br>
>> > markets, self-regulated markets? nearly all market activities are<br>
>> > incredibly<br>
>> > embedded in institutional regulations, norms, etc ..<br>
>> ><br>
>> > if indeed self-regulated markets are few and far between, then the<br>
>> > question<br>
>> > is more: what kind of regulations, and who produces and controls the<br>
>> > regulations and the regulators,<br>
>> ><br>
>><br>
>> Can you talk some more about what you mean exactly by<br>
>> "self-regulating"? How do I identify a "self-regulated" market?<br>
>><br>
>> --<br>
>> --<br>
>> Sam Rose<br>
>> Hollymead Capital Partners, LLC<br>
>> Cel: +1-(517)-974-6451<br>
>> email: <a href="mailto:samuel.rose@gmail.com">samuel.rose@gmail.com</a><br>
>> <a href="http://hollymeadcapital.com" target="_blank">http://hollymeadcapital.com</a><br>
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>> <a href="http://futureforwardinstitute.com" target="_blank">http://futureforwardinstitute.com</a><br>
>> <a href="http://socialmediaclassroom.com" target="_blank">http://socialmediaclassroom.com</a><br>
>><br>
>> "The universe is not required to be in perfect harmony with human<br>
>> ambition." - Carl Sagan<br>
>><br>
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><br>
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> Sincerely yours,<br>
><br>
> Apostolis Xekoukoulotakis<br>
><br>
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--<br>
--<br>
Sam Rose<br>
Hollymead Capital Partners, LLC<br>
Cel: +1-(517)-974-6451<br>
email: <a href="mailto:samuel.rose@gmail.com">samuel.rose@gmail.com</a><br>
<a href="http://hollymeadcapital.com" target="_blank">http://hollymeadcapital.com</a><br>
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<br>
"The universe is not required to be in perfect harmony with human<br>
ambition." - Carl Sagan<br>
<br>
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</div></div></blockquote></div><br><br clear="all"><br>-- <br><span style="font-family:arial, sans-serif;font-size:13px;border-collapse:collapse"><pre style="white-space:pre-wrap"><br></pre><pre style="white-space:pre-wrap">
Sincerely yours, </pre><pre style="white-space:pre-wrap"> Apostolis Xekoukoulotakis</pre></span><br>
</div>