You are knocking down a straw dog
What is needed is proper regulation
Intelligent regulation
I suppose the libertarians want zero regulations
Like an NBA game with no referees because you all trust the innate intelligence and fairness in people. A major miscalculation. Libertarians I see are smart and fair people...they project this on other people. This can be fatal
I never said there should be no regulation, and there is no need to confuse free market capitalists ("libertarians") with anarchists - that's a straw dog argument. I said there was an excess of fickle, constantly changing regulations, showed examples and has not seen the arguments against them.
Libertarians I see are smart and fair people... they project this on other people.
Some are, some aren't. Same can be said about any political group - social conservatives, fiscal conservatives, liberals / progressives / socialists, nihilists, environmentalists...
If you want to get personal and insult Libertarians, that's fine with me, just pick someone who is... But we are already kind of off topic and off point, aren't we?
I think you are getting the basic premise wrong. It's not because people are always smart and fair, but because that they are sometime greedy and corrupt that the power of government should be limited. With a stronger regime of regulations you are telling people to trust the government to ensure that they are not defrauded. But what we've seen is that the regulators are complicit. You have to ensure your own welfare by being more skeptical, not trusting that someone else will look out for you. If you don't think the game is fair, take your ball and go elsewhere.