“Private companies found they could ‘crowd-source’ enforcement against fraud and low-quality products, in much the same way that Wikipedia discovered an encyclopedia could be created without a central organizer. Wikipedia founder Jimmy Wales tells me that method ‘works far better than the top-down system that it replaced.’ We almost always assume that top-down government regulation is necessary, even though history says otherwise.”
http://townhall.com/columnists/johnstossel/2013/01/02/no-regulation-no-problem-n1476928/page/full/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
War Profiteers, Slavery, and the Hypocrisy of Imperialism
The President Punts in the Syrian War Game
The Neocon and the CIA Drug Lord
Ron Paul: "People Are Waking Up"
Why Is My US Brokerage Firm Closing My Account?
NGO Lies, US Government Ties, and Pu**y Riot: Who Are the Real Monsters?
Never Mind the Wall—They’re Building Warehouses for Immigrant Children
Do Immigrants Have the Right to Pursue Happiness?
FATCA: Do I have to report my offshore gold?
No More Solyndras? Not Quite
Bill Bonner: Revolving Zombies
Peter Schiff Global Investor Newsletter - March 2013
Dotcom Bites Back
Glenn Greenwald: Correspondence and collusion between the New York Times and the CIA
The Greatest Threat to Our Freedoms Is the Government