tag:blogger.com,1999:blog-35658017.post30192914383423874..comments2024-03-20T00:20:17.851-07:00Comments on Rowans-blog: Why I assert that the UK financial regulators have failed the investing public!Rowan Bosworth-Davieshttp://www.blogger.com/profile/16384252276434877281noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-35658017.post-87949623575710251192013-09-28T04:17:49.030-07:002013-09-28T04:17:49.030-07:00I understand Rowan, don't want to slow you dow...I understand Rowan, don't want to slow you down.<br /><br />Just for the record, I'm not suggesting an entirely determined curve -- just that at this point legitimate profits will be less if the regulation you want comes in. And that's what everyone <i>really</i> doesn't want.Jasonhttps://www.blogger.com/profile/10172073587383859800noreply@blogger.comtag:blogger.com,1999:blog-35658017.post-49615365650495784472013-09-28T04:09:34.865-07:002013-09-28T04:09:34.865-07:00Jason, your fascinating enquiry leaves a lot to de...Jason, your fascinating enquiry leaves a lot to debate, and needs far more space than I have available here. I am persuaded that the speed with which the collapse has happened is due more to a reduction and removal of regulatory controls, than other more natural economic historical causes. Not an expert in this field however!Rowan Bosworth-Davieshttps://www.blogger.com/profile/16384252276434877281noreply@blogger.comtag:blogger.com,1999:blog-35658017.post-18170288867194580412013-09-27T13:30:45.234-07:002013-09-27T13:30:45.234-07:00Rowan,
What do you think of the idea that there i...Rowan,<br /><br />What do you think of the idea that there is an underlying curve here, to do with the maturity of the society?<br /><br />When you went to the US they were still on the upswing of the curve, where you can make money <i>and</i> be tightly regulated. You can also do things like redistribute -- remember, America was at its richest in the 50s with a top tax rate of 70%.<br /><br />But as the curve proceeds and asymptotes heave in sight, you can make money <i>or</i> regulate, not both. With monotonous regularity, at that point societies will choose to deregulate and keep raking in. That translates to creaming off the top of decreasing productiion and widening the wealth gap; the wealth created is largely illusory with nothing backing it, and eventually will collapse.<br /><br />Here in the UK we passed that point well before the US -- we were the imperial power before they were. Consequently we were never going to go back in time and adopt US procedures -- on the contrary, they were going to go in our direction, and since then, have done.<br /><br />Any good?Jasonhttps://www.blogger.com/profile/10172073587383859800noreply@blogger.comtag:blogger.com,1999:blog-35658017.post-13268098815613498162013-09-27T07:21:35.069-07:002013-09-27T07:21:35.069-07:00Yup! Says it all.Yup! Says it all.Demetriushttps://www.blogger.com/profile/17198549581667363991noreply@blogger.comtag:blogger.com,1999:blog-35658017.post-83965970152940038672013-09-27T01:32:05.417-07:002013-09-27T01:32:05.417-07:00Really excellent post which I have shared. Well sa...Really excellent post which I have shared. Well said Rowan.lifeafterdebthttps://www.blogger.com/profile/00542395196708736628noreply@blogger.com