by Big government bad, small government good, say many on the right, and that regulations are said to be bad too as they stop innovation and enterprise. Hmmm!I remember reading years ago how Silocon Valley had dominated the PC's and software market, but when it came to cell phones (what we call mobile phones in the U.K) Europe had left the US behind. This was because the EC had set up regulations and standards for all cell phones to operate under, but in the U.S they believed in having less regulations and letting the best system win out in the free market. So, in the U.S you had all these competing systems which couldn't work with each other, and so the system was fragmented and a pain for customers, who often needed to have more than one phone to be able to ring friends and clients on
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
New Economics Foundation writes Is the Labour government delivering on its promises?
John Quiggin writes Dispensing with the US-centric financial system
New Economics Foundation writes Whose growth is it anyway?
Matias Vernengo writes What is heterodox economics?
I remember reading years ago how Silocon Valley had dominated the PC's and software market, but when it came to cell phones (what we call mobile phones in the U.K) Europe had left the US behind. This was because the EC had set up regulations and standards for all cell phones to operate under, but in the U.S they believed in having less regulations and letting the best system win out in the free market. So, in the U.S you had all these competing systems which couldn't work with each other, and so the system was fragmented and a pain for customers, who often needed to have more than one phone to be able to ring friends and clients on different networks.
Truthdig
