RicoADF said:
viranimus said:
On one side I think, Way to go Australia.. this is a good idea.
On the other side I think... Man it must suck to live in the merry ole land of Aus, given they have such grievous over regulation
Put it this way, I'd never move to the US where theres no regulations and people can do what they want with no protetion. Eg: How easy its to get a loan in someone elses name over there vs over here.
You are sorely mistaken my friend. The US has lots and lots of regulation, especially with this last 10 years. Over regulation is terrible, and it's hurting the American economy, and by extension, the world economy. There has been strict regulation in the loan industry, but combinations of corporate greed, corrupt officials, and general ignorance has resulted in the state of the loan industry is in today.
It's not easy to get a loan in America at all anymore. There was the time of easy credit which hurt everyone, especially those like myself, who were not involved at all. Now the central bank keeps producing more credit from nothing, and it's like adding water to an already sinking ship. Also, the laws regarding fraud are the same pretty much everywhere I would imagine, jail and steep fines. You shouldn't be so quick to assume we are under regulated. It is only the presence of a free market and personal responsibility that wealth is created. Regulation consumes the wealth. The best bit is when people want more of the same bad medicine.
It's also all relative, I am sure that Australia is great for many things, but if your into video games, they are over regulated in that respect, which is what I'm sure the previous commenter was speaking of.