Comment

Elizabeth Warren beats the crap out of the Jim Cramer crew

86
EPR-radar7/17/2013 4:49:54 pm PDT

re: #79 GeneJockey

This made me laugh. Businesses are not moral entities. Their purpose is to make money for their owners. If they can make more money acting ‘immorally’, they will, or they’ll be outcompeted by another business that does. They cannot be expected to do anything which will make them less money on their own. They must be thoroughly regulated, and thoroughly inspected, and the regulations must be reviewed frequently because another aspect of businesses is that they will work assiduously to circumvent any regulation.

Businesses are neither evil nor good, because they’re tools. A rock, a knife, a gun, the Death Star - none of these is evil or good. It’s how you use them.

Such regulation may effectively be impossible. A democracy trying to regulate a TBTF financial institution is much like a school of tuna trying to control the appetite of a Great White with restraints made of dental floss.