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Driven by indignation at injustice : Comments
By Julia Gillard, published 5/10/2009Collective responsibility and democratic action are necessary to ensure people can develop themselves and excel.
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It's interesting how two words so close in meaning have such different emotional impact.
Nearly everyone these days accepts we have to have Laws. Laws (theoretically) allow equality. Laws prevent the strong from exploiting the weak, and protect the innocent.
'Regulation' on the other hand, is not a nice word at all. I don't want to be regulated; it sounds like I'm being prevented from achieving my full potential.
Libertarians use this disparity in emotive impact in a very simple way. If a rule is good for Libertarians, then it is a 'Law'. If a rule is bad for libertarians, (restricts their ability to exploit others) then it is a 'regulation'.
The contemporary marketplace suffers from a simple absence of Law. The strong are not only allowed, but encouraged to prey on the weak and -ironically- in the process, deliberately undermine the competitive structure which underpins the greatest strength of the market system.
"However, collective responsibility and democratic action are also used by the indolent and incompetent to grab their “share” of what they are not prepared to “work” for."
Of course, there is a name for these people.
Investors.