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Why Do National Airlines Still Exist? – Skift
“If the choice was whether I wanted to have a national airline and pay a shitload of taxpayer money just to maintain the flag on airplanes compared to having someone else come and fill the void, I’d choose someone else,” he said. “If nations want their flags to be carried, they can do it in many other ways.”
airlines  flagcarriers  deregulation  review  travel  Skift  2018 
10 days ago by inspiral
Top US student loans official resigns over 'open hostility' from White House | US news | The Guardian
“You have used the bureau to serve the wishes of the most powerful financial companies in America,” Frotman wrote, addressing his letter to Mulvaney. “The damage you have done to the bureau betrays these families and sacrifices the financial futures of millions of Americans in communities across the country.” [...] The student loan office is not alone. Under Mulvaney, the bureau has scaled back its enforcement work and has proposed revising or rescinding all of the rules and regulations it put into place under the Obama administration.
DonaldTrump  Donald  Trump  swamp  Brexit  self-regulation  regulation  deregulation  regulators  oversight  corruption  revolving  door 
26 days ago by asterisk2a
Some praise our gig economy flexibility. I call it exploitation | Larry Elliott | Opinion | The Guardian
Language matters. There was a time when these trends would have been described as casualisation or exploitation. They would have been seen as symbolic of a one-sided labour market in which the deck was stacked in favour of employers. These days, though, it is evidence of “flexibility”, and who could object to that?
gigEconomy  zeroHours  underemployment  self-employment  casualisation  exploitation  employment  flexibility  deregulation  pay  wages  interestRates  dctagged  dc:creator=ElliottLarry 
april 2018 by petej
Every few decades, libertarians need to be reminded why regulations exist. Time ... | Hacker News
"Every few decades, libertarians need to be reminded why regulations exist. Time passes, and people forget why the SEC, FTC, FDA, FDIC, OSHA, child labor laws, et al were even created.
Cryptocurrencies created a completely anarchic monetary system, which people have used to layer investment systems on top of. Naturally, low hanging fruit scams and cons have arisen, and some form of governing structure will eventually be imposed, if not by actual governments, then by the community. Then more sophisticated abuses and negative externalities will arise, and ever more sophisticated regulations will be imposed by the community to thwart them.

In the end you may end up with something very much looking like a government, where people with connections and leverage in the governing structures get to decide the evolution of the rules, where a few players with disproportionate wealth or hashing power, help elect those people to committee positions. And once again, people will be looking to create systems to escape the defacto control and cronyism imposed on the system.

I guess what I'm saying is, nature abhors a vacuum, and given human nature, most systems will evolve to thwart the worse tendencies of the worst people, opening opportunities for others to capture power. So in the end, rather than seek to bring down our democratically elected government monetary systems via technology, we should seek to evolve them with ideas from technology.

Because booting out fiat currency and rebooting with crypto really just forces a painful relearning of all of the lessons we've learned in the last century of modern finance."
bitcoin  cryptocurrency  decentralization  deregulation  libertarianism 
february 2018 by gohai

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