[ArGee]

"Greed" was the word selected by leftists to malign the entrepreneurial spirit and ambition unleashed by greater liberty.

It's not 100% true. I do believe in deregulation to a point, but only of a moral society. When the leaders only care about the material, then they must be regulated out the wazoo, or our capitalistic system will fail. Leaders who understand their social responsibility and are willing to (and are allowed to) make it a part of their capitalistic enterprise do not need much regulation and will ensure our economy lasts for a long time.

Shalom.

[dsc]

"When the leaders only care about the material, then they must be regulated out the wazoo, or our capitalistic system will fail."

The regulations we're beset by don't apply to the leaders. Congress isn't even bound by their own laws regarding treatment of employees.

The thing to do about leaders is not to encrust the body politic with thousands of regulations, but simply to limit their authority. As the US Constitution did, before it was wadded up and thrown in the trash.

Even Hayek agreed that there's a proper role for government to play in regulation of commerce, but thanks in large part to "enabling acts" that allow unelected bureaucrats to publish entire libraries of regulations, things are way out of hand.