Originally Posted By: JetStar
Lets take a business that is largely unregulated and look at how the "Market" performs in the best interest of the people. Let's take the supplement business for instance. They can make crazy claims that much of the population believes due to market based disinformation. There is little regulation here, and it is a great example of why we need government over-site.
Interesting. Its an unregulated market with no oversight, and yet you were able to figure out that the claims are bogus. Kinda gives the lie to your claim that people can't figure out the truth...

For the record, the invisible hand of the market only works correctly when the people are moral. If you're going to reference "The Wealth of Nations" then you need to reference the foundational document as well, "Theory of Moral Sentiments".

Originally Posted By: Sini
Half of people out there are below average intelligence. By definition. You can't run society based on "top 1% will be fine", not in financial, not in intellectual, not in any other sense.
So long as we're clear. You think half the population should do what you tell them and you want to run society. Got it. I believe what you're looking for is socialism/communism. There are several places around the world where they haven't yet figured out that this system always fails. Feel free to take your grand plans over there and leave us out of it.

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