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Originally Posted by TheDoc
The market itself is free based, not restricted by regulations, safety standards, etc, etc, etc... it's as free of a market, free floating of regulations, as you can get in this country, and it still has pockets of power that fully control the market/price, etc... a monopoly, without any gov doing anything.
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Illegal drug markets is a form of anarchy, where murder, violence, and extortion rule. Free markets are not about anarchy, where the guy with the most guns win. The illegal drug trade is not a free market. In effect, it has it's own regulation, and governments, in the form of armed gangs that use violence to enforce their will.
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Originally Posted by TheDoc
No... not at all. What they do is after corps for years or decades keep screwing people over and the free market doesn't fix it, they step in to fix it... waiting 10, 20 or 50 years for the free market to unscrew itself, is purely stupid. That's what normally happens, decades and decades of abuse, THEN regulation happens, after the free market failed to clean up the mess, before it was regulated!
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I thought you said that there is no such thing as a free market, and there never has been. I agree with you on that, so this argument is erroneous.
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Originally Posted by TheDoc
In any market, every market, EVERYONE tries to reduce risk... which has zero to do with a person knowing if a company is screwing everyone over or not...
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Actually, in the case of the banking market, the federal government removed risk in the form of Fanny and Freddie, thus allowing banks to ignore risk.... Didn't that turn out well?
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Originally Posted by TheDoc
Hahaha... free markets in banks, what a joke. Know what free market banks get you? IOU's....... if you actually think an unregulated bank is a good idea then you have zero clue about history, what so ever, that proves this wrong a 1000x over.
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Actually, in history, banks, along with other businesses, have never had a "free market". Banks even less so. Even in the very first lending banks, there were regulations as to who could run them, and where. The governments always had a lot of regulation on banks., so there is no example of a free market bank.
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