posted on Jun, 9 2009 @ 06:43 PM
While I wouldn't say the US is exactly akin to the Soviet Union in the 80s Mikhail Gorbachev views are still worth a read . For every case where
market based competition has been successful there is a gross failing . These problems also exist outside of the US . Here in New Zealand the end of
agricultural subsides has been beneficial even thou the shift to dairy farming as left other farming sectors lagging .
The four electricity company's that serve New Zealand have been found to engaging in price gouging to the effect over charging Kiwis to the effect of
something like 1.4 billion dollars over a decade , without having invested back into the electricity grid . An example of successful market based
competition is the trans Tasman airfare war . Its to bad that Trans Tasman airfares don't pay power bills .
I could sight other examples but I need to move onto other aspects of the topic . The sheer greed that has seen profits put before else including
massive CEO salary's regardless of performance has certainly finally come back to haunt us . Fonterra shameful role in the Chinese milk scandal is
yet another example of profits at the expense of all else .
I am not against capitalism or the Free Market . Still those who fail to understand that the Free Market requires a degree of regulation to operate
are out of touch with reality . All of this is in the face of rise of the internet craze surrounding Ron Paul and people who want fewer regulations .
I don't support price controls because of the danger of suppressing demanding and removing profits that are needed to invest in a enterprise .
However preventing company's from becoming to big that they dominate the market place or that there bankruptcy effects an entire economy .
To this end the bail out money handed out to GM and other firms has been beyond pointless , GM is still filing for Bankruptcy . I wasn't fond of the
New Zealand government decision to bail out Air New Zealand back in 2001 but at least tax payer dollars weren't spend in vain . The crucial factor
is going to be the merit of policy's that tackle our current woes . I am not convinced that building suburbs of Identical houses but I have no certain
better idea how to make housing affordable in the land of the long white cloud .
Opponents of a tax payer funded high education system have yet to face up to the consequences of a generation of people saddled with debt which leads
to fewer people owning there own homes . Surely a return to free higher education would be a better idea then risk putting people into homes they wont
have any respect for because its just the same as all the rest .
(visit the link for the full news article)