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Boosted by jsonstein@masto.deoan.org ("Jeff Sonstein"):
ChrisMayLA6@zirk.us ("Emeritus Prof Christopher May") wrote:
Some sage advice from the FT for the Labour incinerators of regulation (although the FT's 'target' was the current US administration):
'John F Kennedy was fond of the expression “don’t ever take a fence down until you know the reason why it was put up”. First laid out by English writer GK Chesterton, it is a reminder not to rush reforms through without considering the consequences'!
Especially in the case of financial sector regulation, Labour should heed this advice & urgently!