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Originally Posted by u-Bob
A 100% free market (something that never existed in American history) is a self regulating system. It punishes (and thus discourages) irresponsible behavior.
Yes, the economy is unpredictable. That is because the economy exists out of individuals with different 'wants', goals, desires. Individuals with different abilities. Individuals that change their minds.
"The Economy" is not some engine you can tinker with. It is not some mechanical thing you can alter to make it run smooth. The economy is organic. The economy constantly changes as the individual transactions that make up the economy are completed, as individuals reach certain goals and set out to reach others, as people come up with new ideas and techniques, as the available resources change, as problems occur and people find ways to solve those problems...
Government intervention never solved anything. It only hides problems and causes others. It is government intervention that causes the bubble and the depression. It is government intervention that reward irresponsible behavior (for example: banks giving out loans to people that won't be able to pay them back).
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An entire economy as a free market, not only hasn't ever existed, it never will.... not in America, not anywhere in the world. Now you can have a free market, within a market... that can be found all over the place.
But... they are not bigger, better, or more productive than those without regulations/control/intervention.
The economy CAN be tinkered with, and HAS been tinkered with for hundreds of years, and it has worked and it has solved problems.
Gov intervention isn't here to solve problems... it's here to help, and it has helped, many times over, many ways.
Quote:
Originally Posted by u-Bob
We haven't had "a stable economy" in those 50+ years. The government has been covering up the problems all that time. And that is what is becoming more and more obvious these days. Government intervention (such as the manipulation of the interest rates) caused systematic malinvestments. When the problem became obvious (think dot com bubble, think housing bubble), the government intervened to cover up the problems.
You can only keep sweeping stuff under the carpet for so long. Eventually people are going to notice. This time, they'll probably come up with another crazy scheme to hide the mess under the carpet, but sooner or later they'll run out of carpet.
If you compare the New Deal and the period of the second world war to the period directly after the war than there was less intervention after the war than during and before. It's less intervention that allowed for real growth.
If you look at the last 200 years as a whole, you see a steady increase in intervention and it has all culminated to our current situation.
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Aye, it's a bit longer than 50 years.. that's the biggest cover up in history then. Hahaha, dot com bubble was 100% corporate greed...
Quote:
Originally Posted by u-Bob
ah, the internet  Did bureaucrats build firefox, chrome, apache, perl, php, facebook, twitter, gfy, thunderbird, youtube, tevs, smarttube, media player classic home cinema edition, virtualdub, flash, vbulletin, bind, openssh, flashfxp, mysql,...?
Gov built a network using resources it took from others. The free market turned the internet into what it is today. |
You need to study your Internet history... Gov created it, built it, funded it, expanded it, forced it to expand, forced it into high speed.... so the corps could make firefox, etc, etc, etc... without the Gov, none of that would be in use.
Without all this intervention, funding, pushing... you wouldn't be doing what you are today. You hate, what they provided to you... and you think a free market would have built it, when it wasn't... funny.
Quote:
Originally Posted by u-Bob
and governments are made up out of what? Altruistic angels who don't make mistakes and don't want anything?
The free market: everyone has the right to plan for himself while respecting other people's property rights. everyone is free to voluntarily trade with others, to help others,... Your mistakes affect your bottom line.
Government intervention: a small group of people planning for all others. Their mistakes affect everyone.
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The free market is fake, bullshit, not real, never has been, never will be... a hand ALWAYS plays the market, if not the gov, then super corps.
We wouldn't need regs/intervention IF people did respect others, didn't commit fraud, didn't scam, didn't create new ways to screw people over for money, etc...
If greed wasn't a factor, the world would be heaven, and most crashes wouldn't have happened.
Could you list, 1 time in history, where the Gov regulated/intervened, on something, out of the blue-thin air, for no reason? IE: It's what they do, so they just do it..... Most if not all of what we have, is a result of corporate greed.... you're hating the wrong group of people. The Gov will ALWAYS regulate where it sees problems, that is it's actual job, to protect us, not only from others, but from ourselves as well - that IS the job of the Gov.....