ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

On Profit, Deregulation and Discipline

Updated on August 8, 2012

Profit at any and all costs is a concern for me. In my opinion, such thinking lacks discipline. Deregulation to increase profits lacks not only discipline but also morals. When millionaires like Mitt Romney or Warren Buffet are taxed less than their secretaries, I think something is wrong: new and serious regulations should be introduced.

I am sure we can all agree that we need some rules and regulations when we as people try to live communally in societies. That is why I suppose we have laws, by-laws and such. We can do many things in Life but just because we can do something, it does not mean that we necessarily have to do that something.

When some people are only interested in making a profit and not at all in what the outcome of their actions will result in, I think everyone ends-up paying the price. We can think of those who died and the oil which spilled and devastated the lives of countless people on the south-eastern coast of the United States not long ago. In its quest to maximize profits, British Petroleum affected quite negatively not only the environment but also the lives of those who lived in that region. Cutting costs to make more and more profit cannot keep going to infinity without concerning consequences. Just because it can happen, it does not mean it should.

A few years ago, the financial system almost collapsed due to bankers gambling with people’s money. The banks were not allowed to collapse (taxpayers had to pay and are still paying, to bail them out), even though they clearly showed that in their chase for profits at any cost, they managed to nearly crash the entire system and they became failed businesses. The addiction to profit became too intense – the result was people losing their homes, their investments … their livelihoods. All this was the result of deregulation, greed and no discipline.

Just because I can lend money to someone at thirty percent interest, does not mean that I should. Just because I can sell a pair of running shoes and make three hundred percent profit, does not mean that I should. Just because I can go out on the street and rob someone, does it mean that I should? I could do many things but discipline helps me think twice. What will the result of my actions be? That always has to be in my mind before I take a decision.

How can some people still argue that deregulation is good? The banks that were too big to fail a few years ago are even bigger now. Their profits are soaring as the majority of people are struggling to make ends meet. The main international banks are worth more and more by the year and when they will fail (eventually they will because the debt system is not sustainable), the outcome will be felt world-wide. We have come to this point, in my opinion because we have given-up on discipline. When discipline was flung-out the door, greed, selfishness and corruption moved-in. I think it is time to reintroduce discipline, responsibility and accountability as soon as possible, to minimize the damage done. This is just my opinion.

Just because I want to, it don’t mean I will

And just because I’m angry, it don’t mean I kill” – Gang Starr, “Discipline"

Note: My photograph, Timmins, Ontario, Canada, 2010


    0 of 8192 characters used
    Post Comment

    • Mr. Happy profile image

      Mr. Happy 5 years ago from Toronto, Canada

      You are always welcome, Mrs. Theresa!

      Thank You very much for the support, the sharing of this article and the thoughtful discussions.


    • phdast7 profile image

      Theresa Ast 5 years ago from Atlanta, Georgia

      WhiteWolf -- I know its not my hub, but I am both interested in, and have an interest in, this discussion and in how our country is managed or mismanaged. Thank you for providing us this platform for discussion.

      peoplepower, thank you for framing this in another easy to understand way. I shall be talking with my college students and my friends about the fact that some regulation is both necessary and good, because it limits "negative externalities." Thank you for providing me with the language necessary to discuss these issues.

    • peoplepower73 profile image

      Mike Russo 5 years ago from Placentia California

      When corportions don't care about the consequences of their actions and it affects parties that were not involved in the transaction, it's call externality. If a corporation decides to use coal for their power generation, the negative externality is pollution. People become ill from the pollution, but they had nothing to do with the decision making. Deregulation works the same way. The financial meltdown was a direct effect of the deregulaton of the Glass Stegal act. Since 1933, this act prevented commercial banks from merging with investment companies. The final result of this was that financial markets collapsed while the CEO's and executiives of Wall Street walked away with huge commisions that were paid for by TARP which is tax payers money.

    • Mr. Happy profile image

      Mr. Happy 5 years ago from Toronto, Canada

      Thank You for taking the time to read and comment, Mrs. Fpherj48.

      I agree, most politicians need to do some studies in ethics and morals. There are conflicts of interest happening almost on a regular basis. Even here in Toronto now, the mayor might lose his job. We'll see when the trial ends ...

      “The time is out of joint: O cursed spite / That ever I was born to set it right!” - Hamlet

      All the best! : )

    • fpherj48 profile image

      Paula 5 years ago from Beautiful Upstate New York

      Mr. Happy....Oh that being a good liar and persuasive scammer were the ONLY lack of ethics and morals of our politicians!!!

    • Mr. Happy profile image

      Mr. Happy 5 years ago from Toronto, Canada

      "It's too bad the politicos don't seem to learn anything from history, particularly from those civilizations that failed." - I must admit that it does concern me that most politicians are lawyers and not political science graduates or history for that matter. Being a politician nowadays does not require much except an ability to lie and be persuasive, no matter what the topic is.

      Thank You for taking the time to read and comment, Mrs. JayeWisdom.

    • Mr. Happy profile image

      Mr. Happy 5 years ago from Toronto, Canada

      I agree with You, Mr. Hedocurus: money has become the end of all things for some reason. It is really insane, in my opinion.

      Thank You for the visit.


    • JayeWisdom profile image

      Jaye Denman 5 years ago from Deep South, USA

      This is an excellent hub about a critical issue. The pursuit of "extreme" profits regardless of the "cost" to our society (also known as "corporate greed") is--or should be--one of the present's major concerns. It's too bad the politicos don't seem to learn anything from history, particularly from those civilizations that failed. We seem to be on a downward spiral....

    • Hedocurus profile image

      Hedocurus 5 years ago from Olive Branch, MS

      Well said. The ethical concerns of finance and greed to to seldom examined. Of particular concern is the gospel of the almighty dollar that is so popular with today's Xtians.

    • Mr. Happy profile image

      Mr. Happy 5 years ago from Toronto, Canada

      Greetings Mrs. Theresa,

      thank You for stopping-by and sharing your perspective. Discipline is indeed needed when we see all the corruption and greed within our societies. I am not sure what else can clean-up our messy socio-political system ...

      All the best!

    • phdast7 profile image

      Theresa Ast 5 years ago from Atlanta, Georgia

      White Wolf - Excellent and nuanced examination of these important issues. Discipline, as in an individual life, is equally necessary to the life of a nation and society. Thank you.

    • Mr. Happy profile image

      Mr. Happy 5 years ago from Toronto, Canada

      Sorry to anyone who wanted to leave a comment on this article but could not ... I forgot to add the comment capsule ...

      Thank You Mrs. Theresa (Phdast7) for emailing me about this.



    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: ""

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)