Tex
Rancher
Joined: 13 Oct 2007
Posts: 2172
Location: Texas
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 Posted: Wed Aug 17, 2011 7:07 am Post subject: |
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| js1234 wrote: |
Okay, Do you want me to say "almost always"?
Never mind that alot of the deregulation problems were due to the issues that arose getting rid of an antiquated and not competitive system implemented by.....the government. (Sound familiar?)
Still, I'm willing to grant that whole situation was a mess.
Obviously, now that I have amended my statement, GIPSA makes perfect sense.  |
Free markets are the best when there is a set of rules there that are enforced that actually protect the functions of the market.
It is just like traffic laws. Red lights, stop signs, speed limits, and all the rest are laws that are meant to allow traffic to flow the best in the safest manner.
The Packers and Stockyards Act has those economic laws in it. It gives great freedom to market participants--unless those participants are bad actors and actually end up hurting the market.
The repeal of the Glass Steagal Act was another post depression law that was intended to get the economics of correct in the banking system. It corrected the banking system's continual and massively destructive policies that allowed a few to scam the many who used the banking system. It was repealed and we once again allowed investment banking to use the deposits of the banking system in another scam on the economy.
The free market is the best system in the world but it requires rules that are enforced and no one can enforce them but government. Politicians have been selling that responsibility to the highest bidder and we have had massive failures.
The end all isn't to get rid of government, but to get rid of incompetent government and to make those selling out the system pay a higher price, not just the chance of losing one election and then going to work for those who they sold the public interest to.
Government is a necessary evil but the corruption in it is not. Politicians are opportunists and they should be held accountable---not just by losing an election, but for the damages they cause while given the public trust. We are missing that in our system.
The various frauds in the market place like Bernie Madoff and the countless others you don't hear about are the responsibility of the federal government to control. Only they can. Only they have the power.
That power is being misused.
The solution isn't to have no government, it is to fix the one we have and hold accountable the people who are selling its functions out to the highest bidder for their own benefit.
The solution to a bad police force is not to get rid of the police force, but to clean it up. It may require getting rid of those in the police force who are corrupt or allowing the corruption to thrive. They must get more punishment than the free pass we have been giving them as a society.
Tex
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