Originally posted by Semicollegiate
Who watches the watchers?
Now here is a very valid point, it is the best point you have made IMO.
Keynesianism assumes the whole world should be run by experts, that it can be run better by experts. It is a totalitarian system.
Free market assumes that people can make good decisions (A prerequisite of democratic anything) and because the people making desicions know their
local conditions better than a non-big-brother surveilience state, the economy will be more efficient.
This is why I am for local and small scale things being unregulated. Another good point
Do you think the system will care about you more that you care about youself?
No, but I do think that this means that I can win any dispute with a billion dollar organization.
I that the invisible hand (that doesn't exist) will extinguish fraud, prevent abuse, usury, collusion
or market making.
Rockefeller got his startup money from provisioning the Union during the Civil War (government cause), made his monopoly by using the railroads
(government subsidy), and kept his monopoly by Prohibition preventing alternate fuel, buterol, developement.(goverment cause)
Part of big oil's monopoly was just plain luck that the waste products from the home lamp oil industry turned out to be more valuable than the
original reason that the industry started.
Cultivating fast growing hemp for industrial fiber, chemicals, and oils to replace petrochemicals is illegal. (goverment cause)
The alcohol industry was stunted by prohibition.(government cause)
those are great examples of infiltration of a private force into the government -
If free market politicians talked about de stigmatizing Hemp I might think they and their
cause had merit. But they seem to think tax breaks for Billionaires are the be all end all
of free market ambition.
Airlines have alot of regular customers from the corporate and government worlds. Many independant taxi drivers derive all of their income from
shuttling regular customers to the airport
Well I think Airlines are a very bad example to use as a free market success as it is the most regulated
industry in America, literally manned and regulated 24 hours a day. What is the point I'm missing?