RE: Why does it have to be government vs market?
December 27, 2017 at 10:03 pm
(This post was last modified: December 27, 2017 at 10:08 pm by Pat Mustard.)
Deregulation is always a bad idea. An unfettered market is an unprincipled market is a killing market.
And humanity has not arrived at a better solution yet than a strong government with big clunking fists.
Edit: A free market is a bit like Churchill's description of democracy in reverse, it is the best system apart from all the others. The reason for that being is that it only works well under conditions with many small players in genuine competition with no big fish in the market, yet the conditions it creates lead to only two ends monopoly or oligopoly where the one, or small few, dominating players control the market and use the lack of constraints to dominate the market. Microsoft having a 90%+ market share is a feature of free market capitalism, not a bug.
And humanity has not arrived at a better solution yet than a strong government with big clunking fists.
Edit: A free market is a bit like Churchill's description of democracy in reverse, it is the best system apart from all the others. The reason for that being is that it only works well under conditions with many small players in genuine competition with no big fish in the market, yet the conditions it creates lead to only two ends monopoly or oligopoly where the one, or small few, dominating players control the market and use the lack of constraints to dominate the market. Microsoft having a 90%+ market share is a feature of free market capitalism, not a bug.
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