I have seen a debate started oversea's with the G-20 summit claiming that capitalism and poor regulations are what has caused the economic crisis that we have been facing in the world. On the other side of the isle, Capitalists believe that there is too much legislation that has gotten in the way of the business world and has caused its own set of problems. I believe there is a third viewpoint that might be the best answer as I see it.
I believe that there is room for some, but very little, legislation in the economy. My feelings that the legislation that has been coming out and some of the work that has been done as far back as the great depression in the late 1920's early 1930's has brought about the continual and repeated instances of recessions.
There is an ebb and flow to economy that seems to exist. Many view this as an up and down economy. I see things as a shift in opportunities. True capitalists change with the times and follow opportunity where it leads. Not that legislation in and of itself is the cause of economic problems as much as it is impractical and poorly written legislation that is to blame. I don't feel that the tides of change in economies will go away with legislation regardless of how well it is written, but perhaps it will be less of a roller coaster ride and more like a change in the tide bringing with it new opportunities as others fade.