Free trade vs Regulation?

[cybervickey]

do you guys think that the current financial crisis are a direct result of free marker economy and now we need to have more govt regulations to fix this ?.

[THX_1138]

this is hardly a question answered by a popularity poll. i hope this thread is locked before it becomes the kurushetra of the different schools of economics.

[Gambit]

do you guys think that the current financial crisis are a direct result of free marker economy and now we need to have more govt regulations to fix this ?.

I don't think a true free market economy/laissez faire capitalist society exists anywhere but in theory. US has a semi FME with the Fed acting as the regulator. These guys took it easy, let bankers take max risks and the economy went into tailspin. The Industry considers the RBI in India a pain in the ***** but atleast they do their job.

[Lurker]

do you guys think that the current financial crisis are a direct result of free marker economy and now we need to have more govt regulations to fix this ?.

Aajka jalsa mein ek gunga ga raha Aur behro ka wo rela nachta mehfil me hai Hath ki khadi banana ka zama lath gaya Aajkal to chaddi bhi silti Englisho ki mill mein hai Njlt6o-2hTs

[cybervickey]

this is hardly a question answered by a popularity poll. i hope this thread is locked before it becomes the kurushetra of the different schools of economics.

actually i was asking for your opinions rather than a poll.here we have guys from both ends of spectrum some are die hard supporters of free market and some not so much .. so i though that i might learn a lot from a debate like this tbh

[triam]

do you guys think that the current financial crisis are a direct result of free marker economy and now we need to have more govt regulations to fix this ?.

No.

[kablooee87]

Obligatory Chomsky link: http://www.chomsky.info/talks/19960413.htm