- Feb 24, 2002
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So you’re not a proponent of a truly free market then? You believe government has the responsibility to at least somewhat regulate business transactions?A scam is a breach of contract. Contracts are enforceable in Court. Fraud is a criminal matter, often related to breach of contract. Scripture is quite clear the government may enforce contracts and may punish fraud (see laws on unjust weights and measures).
I suppose that’s progress.
I maintain that markets are the creation of government and cannot exist apart from government intervention into them, Period. As you point out we can differ on the level of intervention that is appropriate, but claiming government should just get out of the way of business is a vote for anarchy.
I think I’m ok with French dressing and ice cream having to meet ingredient requirements. I have no problem with we the people holding the manufactures to account.
That isn't what we're talking about when we're talking about government regulation though. Regulations aren't about preventing fraud, there are ample laws already in place for that.
Laws ARE government regulation.
But you know this already.
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