Quote:
Originally Posted by Shazam
Canada requires banks to have a much higher reserve than the US. Europe's even worse in that regard.
Everything's done to maximize profits. Business is really pointless otherwise. I find it rather strange that someone like Phanuthier railing against this.
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Isn't this a good argument against capitalism? If business will always and forever seek higher profits, shouldn't there be massive controls in place to maintain the interests of the people? Unless you argue that the best interests of big business always line up with the best interest of the people, which would be absurd given the situation in the US.
The only logical conclusion is that government needs to be there to enforce regulation. Heavy regulation at that, otherwise you'll have a society based around maximizing profits. Which seems untenable in a society that maintains that each individual has the right to life.