#26
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Re: Monopolies wouldn\'t exist in the free market?
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so who gives the regulators their authority and funding? [/ QUOTE ] I don't know. I don't formulate business models for free-market regulators. [ QUOTE ] what authority would they have? [/ QUOTE ] I don't know. Probably whatever authority those who are funding and patronizing them give to the regulators. [ QUOTE ] how would they execute their authority? [/ QUOTE ] I don't know. See response #1. [ QUOTE ] and why would regulators be needed if monopolies wouldn't exist in free markets? [/ QUOTE ] Needed? I don't know. They might *exist* if there's a market demand. I'm not sure what "need" means, though. All sorts of voluntary industry regulatory bodies exist nowadays. http://www.soa.org/ http://nfl.com/ http://www.oukosher.org/ |
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