> It’s so strange to me that so many truly believe a profit motive is all that’s needed to have good outcomes.
Not strange. In the U.S. at least, we're acculturated to this ideology our whole lives through education and media.
That said, many/most of the wealthiest or influential market participants, fortune 500 CEOS, academics from top biz/econ programs understand the importance of trust in the economy and the role that an effective government (contracts, the rule of law, and regulation) play in enabling that trust.
If you or your industry are the target of regulation, though, government BAD, regulation BAD, regardless of what you philosophically believe.
People still think they’re getting a good deal which is mostly laughable. I’ve been in industries while wanting more regulation in them - it’s always shocking for me to imagine the amount of unreturned loyalty businesses will get from their employees.
Not strange. In the U.S. at least, we're acculturated to this ideology our whole lives through education and media.
That said, many/most of the wealthiest or influential market participants, fortune 500 CEOS, academics from top biz/econ programs understand the importance of trust in the economy and the role that an effective government (contracts, the rule of law, and regulation) play in enabling that trust.
If you or your industry are the target of regulation, though, government BAD, regulation BAD, regardless of what you philosophically believe.