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Marly61 (November 30, 1999 at 12:00 am)
blake, I think you missed the point and if I put it in qoutations it would have been clearer. Anyway, that is not the point but it is relevant.
blakeada999 (November 30, 1999 at 12:00 am)
oh yeah: I forgot central banks & national currencies
blakeada999 (November 30, 1999 at 12:00 am)
Marly61: you don't really mean this is the free market? do you? Having the government involved in any business isn't free market--that obviously includes bailouts/subsidies/special tax credits/taxes/subsidized, regulatory agencies...
Marly61 (November 30, 1999 at 12:00 am)
Free M=an example of class warfare in action implemented by the elites regarding the illegal Bailout.Equity deals negotiated with banks represent $250 billion to inject capital in exchange for equity;to address the credit crunch to get banks lending again. The architects of that legislation, said that it violates the act if the money is going to bonuses, dividends, salaries, mergers. we know its going precisely to those purposes. It is going to bonuses, shareholders, it is not going to lending.
openyourmind678 (November 30, 1999 at 12:00 am)
im with you, there is no answer to a perfect society because there is a mechanism in the human mind that responds to over population by power curruption and greed and inevitably reduces the population. If everything were perfect for humans than there would be no resources and no room to stand, let alone live.
blakeada999 (November 30, 1999 at 12:00 am)
The enforcement of contracts could be subsidized by individual communities or provided by other credible agencies who uphold contracts: perhaps they coordinate with select credibility ratings providers or insurance companies. The benefit here (as opposed to gov't granted credibility), is that corrupt agencies will become less competitive--so it's in their best interest to remain credible.
blakeada999 (November 30, 1999 at 12:00 am)
These things would be unfavorable (note: that they will continue to exist even with a gov't). It is likely that communities will not tolerate "negative externalities". As such, in order for real-estate/trade/contracts to take place between strangers, everyone will have to establish credibility, either through crediblility ratings/insurance...etc. (all of these could be provided by the free market). Those who don't have them, would find it more difficult to establish contracts with strangers.
openyourmind678 (November 30, 1999 at 12:00 am)
so you would argue that in a free market system (which I advocate, but do not find flawless) corporations would not pass harmful externalities onto the citizens of the world? (and government wasn't envolved in chevron spilling oil in central america watch "the corporation" its on youtube).
Dalsuh (November 30, 1999 at 12:00 am)
The harmful effects of drug and oil companies is a result of corporate(corrupt) government. It definitely is not a result of a free market. We have not had a free market for at least 30 years.
openyourmind678 (November 30, 1999 at 12:00 am)
I can go over so many things I agree with in a free market system, my only problem is examples like drug companies releasing harmful producs and oil companies spilling oil and distroying the eco-system, theyre all a result of under-regulation. |
