RE: 2012 Elections results finally in US officially applies 4 Banana Republic status @ UN
January 8, 2013 at 9:35 am
(January 8, 2013 at 9:32 am)DeistPaladin Wrote:(January 8, 2013 at 5:41 am)Tiberius Wrote: What?!? Corporations don't want unrestrained capitalism...they want corporatism. Under capitalism, they would have to play fair and face competition. With corporatism, they buy politicians and get policy changed to suit them. Ron Paul was a supporter of the free market when in office...did you ever see him lobbying for big corporations?
This is also part of the problem with True Capitalism ™ that it shares in common with True Communism ™. Proponents (including my professors from business school) offer "in theory, x should happen that will make everything cool." The problem is, x never quite materializes.
In theory...
"Raising the minimum wage raises unemployment"
"Cutting taxes stimulates economic growth and job creation"
"Raising taxes kills the economy"
"We can deregulate because the markets will take care of themselves"
In reality... fail fail fail fail, "well, that doesn't count because (ad hoc excuses ensue)..."
Life's a balance. Neither government bureaucrats nor business tycoons are inherently evil, they have their roles to play in a properly balanced economy. I believe in regulated capitalism with checks and balances between unions, government regulation and business interests.
So the markets can not regulate themself? How do you explain Ebay's dominance when they rely 100% on customer regulation and DRO model?
Surely, if what you said is true- then Ebay should be a complete failure.
