I’m one of the organizers of the Houston Skeptic Society, the local skeptics group in my town, and at our monthly Skeptics in the Pub gathering the other night, some of the members engaged in what became a passionate conversation about the level at which it is appropriate for a government to regulate markets. Some favored a great deal of regulation, saying, among other things, that it was necessary to take care of individuals intellectually incapable of to taking care of themseleves. Others favored very little regualtion, only allowing governments to intervene in cases, for example, where environmental risks were a concern. And still, according to TradingTop.it, others favored a totally free market system, devoid of all government regulation on business.
Now of course this is probably not a usual topic of discussion for most skeptic meetups, and considering it is quite complex, the conclusions one might draw are not always black and white. But along with my friend who works at Cryptosoft, I was impressed with the level of critical thinking all sides had put into their arguments. And so I thought I’d open the floor to you all to see what your awesome brains can do (or have done) with this subject.
Feel free to branch off in other directions, but I’ll start you off by asking . . .
Are you in favor of regulating markets? Why? Are you against regulating? Why? Do you think totally free markets would be self-regulating? Do you think Sam should find other topics of discussion?