Originally posted by mbkennel
Lay off the Ayn Rand comic books.
Lay off the Rham Emmanuel speeches... I don't even like Rand's books...
Originally posted by mbkennel
It sure did happen in "true Capitalism/free market", e.g. USA from 1875-1910, because the rampant abuse of monopoly power from powerful
companies then is exactly what brought about "anti-trust" (anti-monopoly/price fixing) legislation. ("trusts" were the legal structure used then to
circumvent state regulations, now obsolete)
Monopoly is
NOT synonymous with a FREE MARKET/CAPITALISM... Monopoly is centralization of power and it is synonymous with SOCIALISM...
The "rampant abuse of monopoly power" was caused by the GREEDY attempt by some people to CONTROL the markets and industries that their companies
specialized in. This in turn was facilitated because the GOVERNMENT GOT INVOLVED when it shouldn't have...
The GOVERNMENT made pacts with the richest people to give more power and control to their companies, like the railroad, which in turn supressed what
was left of the free market/capitalism, and the little man (farmers and such) had to bow down to the railroad because the "government/state" was
behind the railroad and not the people...
It was all done in the name of "PROGRESS"... To these people the end justified the means (Just like today's elites) even if they had to kill farmers,
or kill their herds to take control of their lands so the railroad could use them, and of course the farmers couldn't ask for help from the government
because the government was helping the railroad barons... THAT IS NOT CAPITALISM/FREE MARKET...
Originally posted by mbkennel
No it didn't. Evidence? Fannie Mae didn't exist in 1914, and the Standard Oil monopoly was successfully broken up and the resulting companies did
compete. The predecessors to JP Morgan were not monopolies, and JP Morgan was allowed to combine with Chase only after a late 1990's deregulation
which repealed the 1930's Glass-Steagall act, which itself had divided commercial from investment banking.
... I didn't write at any time that all these monopolies sprung at the same time in 1914... It took time for this to happen, but the "progressive
legislation" put forth by PROGRESSIVE DEMOCRATS ensured that the economy was placed at the hands of a few elite bankers, which allowed for the whole
political system of this nation to be corrupted, and we to this day know for CERTAIN that most, if not all the top members of the Feds have had, or
have links to the largest corporations that exist right now... These people have been, or become CEOs of the largest corporations that exist right
now once they leave office...
Are you going to tell me that large corporations did not succeed during the time the Glass-Steagall Act was implemented?...
Originally posted by mbkennel
Government regulation is unsophisticated, but very effective in this matter.
The government shouldn't get involved in the free markets/capitalism because once they do they play favorites and allow a few major corporations to
succeed meanwhile restraining, or even shutting down small businesses trying to succeed in those industries the "GIANTS THAT CAN'T FAIL" are involved
in...
Originally posted by mbkennel
And you can sure buy any health care you want directly without the government paying. Guess how much it costs? (Actually it is hard to find out, but
the answer is always "an enormous amount". I support government action to require firm, honored, public price lists.)
And under the OBAMA CARE bill EVERYONE must pay for abortions of other people whether you are a pro-lifer or pro-choice, and there are other
legislations hid within this bill that FORCE people to do what OBAMA THE SAVIOUR AND HIS THUGS want you to do...
edit on 11-6-2012 by ElectricUniverse because: (no reason given)