While Israel slowly realizes that large conglomerates do not assists the state's economy and actually hinder it (though it remains to be seen if the strength of the Robbing Barons at the corridors of power will enable true changes), it appeared that the United States has found long ago its own balance with these vital yet problematic entrepreneurs.
A story on CNN Money telling about the way this balance has been broken, and how U.S Railroads have gone back to the economic behavior which hurts everyone around while making them richer (using exemptions from the Antitrusts laws).
The lesson is extremely simple: even at the harder times of industries, it is wrong to give complete freedom from laws which guard others from those industries misconduct.
When legislators and regulators are requested to amend past legislation which ensures decent conduct, one must always try to look ahead, to times when the requesting corporation(s) shall be strong again, and imagine the way the market shall behave at that time, with the new arrangements being proposed.
In this day and age it is harder and harder to make this claim: past generations have made some very wise decisions, facing the same issues we face. Instead of revoking their deeds as yesterday's no-longer-relevant-wisdom, we should introduce a more careful approach, recognizing yesterday's knowledge at its true value.
A story on CNN Money telling about the way this balance has been broken, and how U.S Railroads have gone back to the economic behavior which hurts everyone around while making them richer (using exemptions from the Antitrusts laws).
The lesson is extremely simple: even at the harder times of industries, it is wrong to give complete freedom from laws which guard others from those industries misconduct.
When legislators and regulators are requested to amend past legislation which ensures decent conduct, one must always try to look ahead, to times when the requesting corporation(s) shall be strong again, and imagine the way the market shall behave at that time, with the new arrangements being proposed.
In this day and age it is harder and harder to make this claim: past generations have made some very wise decisions, facing the same issues we face. Instead of revoking their deeds as yesterday's no-longer-relevant-wisdom, we should introduce a more careful approach, recognizing yesterday's knowledge at its true value.
אין תגובות:
הוסף רשומת תגובה