Quote:
Originally Posted by TheDoc
Exactly... which is why we will always have various types of intervention.
|
No, that's why "security" will always be an issue. And security is a service just like any other. Companies competing in a free market will deliver a better service than a monopoly holder.
Quote:
|
That works the same way when entire industries push the market how they want. Intervention happens, no matter what. A fact Austrian Economists can't seem to grasp.
|
That's the great thing about the free market: no monopolies.
To preempt a reply: A company that has a legit 100% market share does not have a monopoly.
Why not? Because other companies are still free to enter the market and compete.
When does a company have a monopoly? When it violates other people's property rights to exclude them from the market. That the original meaning of the word monopoly. Kings and governments used to sell monopoly rights to raise money. They sold special licenses (
letters patent) that protected the holder from prosecution by the courts in their territory for certain crimes. (letters of marque sold or given to pirates are another example)
[QUOTE]They reject proven theories because they aren't able to prove their own theories, and when you ignore greed, you ignore logic, [QUOTE]
No, they show that the methods used by those interventionists are flawed.
The Austrian method is based on logic and the funny thing here is that most interventionists refuse to deal with Austrians based on that fact: the Austrians use of logic.
A couple of months ago when an Austrian, Thomas Dilorenzo, testified before some congressional committee, they even compared "using logic to derive economic laws" to religion. like, wtf?
Quote:
|
because greed will make that object yellow, every time.
|
ok, logical error?
Quote:
|
Economics uses math... every economic system is setup on our math systems, the same exact rules, it is impossible to make up your own rules, or will fail... every system is connected together, trying to separate them, is not logical.
|
The fact that someone uses maths does not guarantee that what he is saying is correct.
What interventionists claim to be able to do is predict the future using their models.
Quote:
|
As I've said, some intervention is bad... such as N. Korea, but it's not like S. Korea has had zero intervention, actually they had shit tons..
|
I never said S Korea didn't have any intervention, but if you compare it to N Korea then yes, it had less intervention. So you could see it as a comparison between more and less regulation.
Quote:
|
I didn't say use history to prove a theory. But ignoring history is a bad when it can be looked at and seen that when no regulation/intervention happened, the problems did not go away, they grew.
|
I believe you already posted that there never was a free market. Then how can history show us that a free market didn't work?
Quote:
The entire system itself, the system that manages it all... is also responsible for intervention, from functions conflicting to human error, another factor they ignore.
And this is why they aren't accepted.... a free market is NOT POSSIBLE without STRONG regulations, fraud protection, and intervention to keep it clean of greed & fraud.
|
What do you do when sponsor X stops paying? You stop sending them traffic.
What do you do when a new sponsor comes along? Immediately send them all of your traffic or do some research, evaluate their sites,...?
What do you do when your servers at hosting company Y are down all the time? Stick with them ore move to another host?
Which designer do you hire? The one you've heard only good things about or the one that has 25 drama threads on gfy?
If your friends got sick from eating at a new Chinese restaurant, do you go and try the food there yourself or do you pick another restaurant to have lunch?
If a girl cheats on you and you give her a second chance and she cheats on you again, do you blame the lack of gov regulation or kick her out?
The market is selfregulating.
Quote:
|
It is impossible to have a free market, unless all greed is gone, and as you said, that wont happen, so it is impossible to have a true free market, thus the Austrian theory is flawed.
|
Now that is the great thing about the Austrian method, about praxeology. It's completely value free. It holds up no matter what people's intentions are.
Quote:
|
And 100's did go bankrupt... and on that, intervention is what made it safe for them to go bankrupt, meaning peoples money was safe, investments safe, etc... because of gov regulations.....
|
In a free market irresponsible behavior gets punished. Keeping your savings in the hands of a shady company or a company you know little about
: risky. Depending on how much you know about the company one could even call it very risky. Keeping your savings in a very risky place: irresponsible.
Some of us learned that hard way when epass went under.
Quote:
|
Someone, a gov, a corp, etc... always, 100% always, intervenes.
|
Entrepreneurship (see higer for definition) is what drives the economy. The price mechanism is the system gives constantly gives feedback.
Like I said, the economy consists out of individuals who constantly all make different decisions. There is no "conscious entity" directing everything.
Why does the baker bake bread? Because the gov told him to? Or because he wants to make money?
How does the baker know how many breads to bake? Because the gov told him to or because he bases his decision on experience (the amount of breads he sold the previous days or weeks), his understanding of his customers preferences, the fact that one of his competitors is one vacation etc?
Quote:
|
That's a corporation, ie: greed, doing the intervention, not the Gov. Gov was the weapon, the person pulling the trigger is the guilty party.
|
Funny how easy it is for those corporations to use gov isn't it?
Quote:
|
Nope... but that's exactly why I think ignoring them and waiting for it to work out, totally fails... and has, many times over.
|
So putting them in a position of power is better?
If you want to end the corruption, you need to end what makes the corruption possible.
Quote:
|
If the economy is organic then it falls under the same rules as every organic thing on this planet... which means, no single path is the correct answer and it must be maintained or it will fail.
|
Exactly. And that is what gov intervention is: forcing a 'single path' onto all.
Gov intervention: plans by the few.
Free Market: plans by the many.
I'll throw in the Keynes/Hayek video again
: