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Ambient Hurricanes View Drop Down
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Direct Link To This Post Posted: January 23 2013 at 17:36
Originally posted by dtguitarfan dtguitarfan wrote:

Originally posted by Ambient Hurricanes Ambient Hurricanes wrote:

Chester & Geoff: on the topic of the government as "us" -

Power corrupts.

Money corrupts.

Our government has both.

How can we expect an institution with these corrupting influences to represent the people accurately.  Even after your clarification, Chester, you're still saying that "a good percentage" of people are not going to act decently.  And I agree with you on that point.  If much of the general public is made up of indecent people, how much more will the US government, possibly the most powerful institution in the world which handles possibly more money than any institution in the world (I think) be subject to corruption?
We have a government that was designed with checks and balances.  You're right - power and money corrupt, and I'm not so naive to think that only wonderful things are going on in the government.  But I'm also not going to go through life being cynical and feeling miserable because of it.  And I think that our government, with its system of checks and balances, has more of a chance of being less corrupt than a corporation that doesn't have checks and balances. 


This is echoing many other comments that have been sprinkled liberally throughout this thread but it bears repeating: the problem with checks and balances is that the checks and balances of government are contained within government itself; a corrupt institution isn't going to regulate itself very well.  The most important check on the government is that of the people, and our right to vote for who will govern us, but the power of leaders to deceive people is astounding, and especially in a society where people are frequently receiving benefits and entitlements from the government, they can easily become dependent and be deceived by the government.

Now I'm not saying that these principles cannot be applied to business as well; to a large degree they can.  I'm not a laissez faire libertarian type (I visit this thread because I find it interesting, and also because I'm very libertarian on social issues).  What I'm saying is that, when you put your faith in government, it's always going to fail you because the system is so flawed, and even with checks and balances the institution is criminal and corrupt.  As Rob has said, if you judge the government the way you would judge a private business you would see that it has failed the criteria that you would impose on businesses to determine their honesty.  There's bribery, deception (this applies to liberals and conservatives; read Where Men Win Glory if you want to hear how the US military under the Bush administration deceived the public about Pat Tillman's death), an atrocious lack of accountability (Fast and Furious, Bengazi), and a blame-shifting aversion to compromise. 
 
Originally posted by dtguitarfan dtguitarfan wrote:

Originally posted by thellama73 thellama73 wrote:


It's very simple, Rob. He and the and the people who think like him are simply better than the rest of us. Smarter, wiser, more competent in every way. It is for us, the unwashed masses, to bow down to their superior managerial and legislative skills to tell us poor simpletons how to live, because we cannot do so for ourselves, being the stupid, violent and greedy wretches that we are. Bearing all that in mind, I see no conflict between the two statements.
You know, you can mock.  But from personal experience - before I began to take a more liberal viewpoint, I was a miserable, fearful, cynical b*****d.  I hated people, I was angry all the time, and if you crossed me you'd better be sure I would try to get you back if I could get away with it.  Now, I'm not going to say this is all because of "going liberal" - on the contrary, you know I have certain beliefs, and thus would credit God with this.  But when I began to adopt a more liberal viewpoint, my attitude began to change.  It was liberalism combined with viewpoints on my own religion - rather than looking around at people and being angry at how evil they all are, I realized I'm a b*****d myself, and thus have no right to be angry at anyone.  But I also believe in grace.  And if I am to accept grace in my life, I have to extend it to others.  You can't possibly receive grace if you aren't willing to extend the same measure of it to others.  And when I began to feel the affects of grace, both from truly receiving it and from extending it to others, it began to change the way I treated people.  I rejected fear and anger and hate, and replaced them with faith and hope and love.  So laugh all you want, but becoming more liberal/progressive/whatever you want to call it is making me a happier, more generous, more grace-extending, more loving person.


You know I'm glad concerning your personal transformation; I think you've shared at least bits of the story at various times on the site; and yes, you're much better off a gracious and loving liberal than a hateful and cynical person in any other political persuasion (and you can apply that principle to any position you take!)  As someone with very different political opinions from you but a similar disavowal of hate and fear, I think both of our political stances are consistent with Christian love.  I just differ with you somewhat on electing to trust the government instead of fearing them.  Personally, I don't trust the government, but I don't fear them either, because I know that God is in control and that Christ is coming back to overthrow all human civic powers!

But I am happy that you rediscovered the church and overcame your hate; we can agree on that, even if we disagree on politics Smile
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Direct Link To This Post Posted: January 23 2013 at 17:38
Not so adorably informative, more tragically informative:
The American government is the terrorist in their countries so many of them become terrorists.  When American citizens suffer the results of their government creating these terrorists they for some reason rally around the organization that created them in the first place.  This is part of the sick obedience and groupthink that government run schools have bred into us.  The worst of it is the politicians and their statist talking heads then call anyone questioning their policies the "blame America first" crowd while blaming the way American's live.  Stories like this aren't covered by the media, because it may cause people to question the power of government, but they need to be told.  Never let government get away with what you'd be arrested for, unquestioned.


Edited by manofmystery - January 23 2013 at 17:38


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Direct Link To This Post Posted: January 23 2013 at 17:58
Pretty brutal.
And so much econ talk! Nice to get to the other major flaw with the US government: foreign policy.

The Democrats, kinda, were against Iraq and that's good but they do support an aggressive policy as well.
Granted, the drone strategy that's really been adopted by Obama is better than out right invasion...but its really the textbook: lesser of two evils.
I think its obvious our policies keep fueling the already present Anti-Americanism, and can't eliminate terrorism so why continue? No countries want terrorists hanging around...I think the best way to fight it is how we killed Bin Laden and captured many others: A global network of information gathering, and working together to capture and arrest. If this can't be done, there could be justification for a splinter cell like force. Most importantly, removing much of our troop presence and stop policing the world.

One of the best quotes about it all was, ironically, by Hermann Goering:
"Naturally the common people don't want war: Neither in Russia, nor in England, nor for that matter in Germany. That is understood. But, after all, it is the leaders of the country who determine the policy and it is always a simple matter to drag the people along, whether it is a democracy, or a fascist dictatorship, or a parliament, or a communist dictatorship. Voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked, and denounce the peacemakers for lack of patriotism and exposing the country to danger. It works the same in any country."

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Direct Link To This Post Posted: January 23 2013 at 18:07
Originally posted by rogerthat rogerthat wrote:

I don't want to comment on the posts above but just want to say that my practical experience of dealing with govt and business has pushed me gradually from a leftist to a more centrist position, if I might call it that (and I don't like to use these terms left/centre/right).   I am in favour of progressive taxation and little to no "investor friendly" policies that bleed the budget just to attract business.  However, I am not naive enough to believe that any good will come out of the money put in the govt's pocket and I only want some checks and balances on large corporations that almost resort to bullying and arm twisting govts to get what they want, nothing more.    An entitlement culture is dangerous and in the long run makes people who could be hard working, lazy, complacent and indifferent - that is the flipside of big government.   The flipside of limited govt intervention is rapidly rising inequality, concentration of power in the hands of the rich and a breakdown of social mores that make everyday life a bit less tiresome, however much intellectuals might disdain them.     I really do not know that one is much better than the other and good govt is probably about striking a difficult balance.   


Thank you for this thoughtful post, Roger. I would like, if I may, to address some of your concerns and hopefully show you why less government is a better means towards the ends you seek.

1. You say you are not in favor of bleeding the budget to attract business, which is reasonable, but bear in mind that tax revenue comes from income, so the more income you have, the more tax revenue you will have. The more encouraging of business we are, the more income there will be and the more taxes thta can then be collected. Very high taxes are currently driving businesses out of California, which is not helping their budget problems in the slightest.

2. You want checks and balances on large corporations.So do I. Big government programs are a large part of the reason that big corporations have so much power to begin with. Government grants legal monopolies, and restricts the ability of smaller firms to compete, because of the lobbying efforts of big companies. In may states you have to have a government issued license to cut hair. Why? Because the big hair cutting chains don't want to deal with a lot of competition and have convinced government to play ball. Cronyism is a product of big government, not of small government. The more power you give the feds, the more they will use it to reward their friends and punish their enemies.

3. You worry about the decline of social mores. So do I. What do you think big government is doing to preserve them? Government has grown bigger and bigger over the course of the last century, while it could be argued that morality has steeply declined. It's a big topic, but don't you think people would be more charitable if they new government wasn't taking care of people? Don't you think the way government subsidies illegitimate children and single parenthood has an effect?

4. Why are you worried about income inequality? If me and my neighbor make the same amount of money, and my neighbor gets a raise, does that make me worse off? Inequality has increased, but my situation is not worse than it was. In fact, my neighbor might invite me over to a BBQ to celebrate his good fortune, in which case I benefit from some tasty grilled meat.

I hope you'll spend some time thinking about these things. Stop by anytime.
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Direct Link To This Post Posted: January 23 2013 at 18:14
Originally posted by JJLehto JJLehto wrote:

[
Soooo back to what we should do about the Federal Reserve? Which could be more important than taxes, programs and all this other stuff.
I still can't decide if I'd support a full out abolition of it. Still thinking, and I need a smart guy to llama to help me with some things. Like if a gold standard is honestly realistic today/its impact on trade/its impact during recessions.
Or if its possible for a fiat system to work without one.


I'm generally skeptical of the gold standard, because I don't see any reason to limit the supply of money by how much shiny metal we can dig out of the ground.

My most preferred alternative would be to abolish the Fed and all state sonsered currency, and allow a wide variety of competing currencies (before you say "what? madness!" bear in mind that foreign currencies compete all the time, as do gift certificates, travelers' cheques, credit cards, etc.) This way we could see what works through competition. So maybe a gold standard would emerge as the dominant currency, and maybe it wouldn't. The market would decide.

A more realistic option, though not as good, would be to operate the Fed on a strictly rule based policy, rather than the discretionary one they use now. They would replace worn out bank notes and coins, and increase the money supply by a set amount (maybe 1%) each year without fail. This would provide certainty and prevent people trying to use the currency as a means of speculation. People would know exactly what was coming and plan accordingly.
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Direct Link To This Post Posted: January 23 2013 at 18:28
Yeah, I see advantages to a gold standard but I really just don't know.
Isn't that the monetarist theory? Though Friedman said 2% I know...


Random ideas I've seen/had were things like: stripping the Fed of the power to set interest rates, limiting it solely to price stability, limiting it to its original notion of a lender of last resort (though I personally don't like that), and the mainstream ideas like yearly full audits, and making it accountable if it fails to meet a goal.

Like the "0-5 rule" that over a period of 5 years 0% inflation must be maintained. So it could do what it wants, but is forced to keep it at 0 overall...so really it can't go far either way. Not ideal but intriguing.
Or maybe just abolish it. What would realistically happen in your opinion? Could a US fiat dollar exist without it?
IDK too much to take in haha

I think the idea sounds crazy to many, myself including, just because we have a "US dollar" and every country has there's. So it just feels weird to have multiple US currencies. Like we have a 'need' to have one.

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Direct Link To This Post Posted: January 23 2013 at 18:40
Originally posted by JJLehto JJLehto wrote:

Yeah, I see advantages to a gold standard but I really just don't know.
Isn't that the monetarist theory? Though Friedman said 2% I know...


Random ideas I've seen/had were things like: stripping the Fed of the power to set interest rates, limiting it solely to price stability, limiting it to its original notion of a lender of last resort (though I personally don't like that), and the mainstream ideas like yearly full audits, and making it accountable if it fails to meet a goal.

Like the "0-5 rule" that over a period of 5 years 0% inflation must be maintained. So it could do what it wants, but is forced to keep it at 0 overall...so really it can't go far either way. Not ideal but intriguing.
Or maybe just abolish it. What would realistically happen in your opinion? Could a US fiat dollar exist without it?
IDK too much to take in haha

I think the idea sounds crazy to many, myself including, just because we have a "US dollar" and every country has there's. So it just feels weird to have multiple US currencies. Like we have a 'need' to have one.



Well, interest rates are determined by the Fed selling and buying bonds. So is the inflation rate, so you can't really affect one without affecting the other. The Fed targets interest rates currently, but if they targeted inflation they would still be setting interest rates.

I'm not so sure 0% inflation is always desirable. The price level should be determined by supply and demand, so if increased demand is causing prices to rise and the Fed holds them down by reducing the money supply, that could lead to recession.

I don't think a fiat US dollar could exist without some kind of central bank, but a rule based one would certainly be superior to what we have now.

I know, competing currencies sounds crazy, but again remember that we already have competing currencies. In a silly example, there's no reason why cigarettes couldn't be used in broader society as currency the same way they are in prison. When I was a kid Magic: The Gathering cards functioned as a currency between me and my friends. Then there's the already mentioned gift cards, credit cards, travelers' cheques, etc. We just use the Dollar as a yardstick by which to measure them, but this need not be the case.
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Direct Link To This Post Posted: January 23 2013 at 19:06
Those were a bunch of not necessarily related ideas.
I personally don't know if they should target rates/inflation at all and instead let it occur naturally. Seems like that would be preferable.
I don't really like the lender of last resort idea either. So maybe only real solution is indeed abolition.

Also I get that idea but cigarettes are a bad exampleLOL they are easily reproduced and not very long lasting...but I get that "money" is simply what we designate it to be in our minds.
OK llama maybe you can be the one to help here. I read a theory months ago but I struggle with it.

Ever hear of freegold? If not the concept is removing gold as a function of money.
Money would be thus a medium of exchange, and unit of account but have no function as a store of value.
I think, the idea being gold exists as it is...unrelated to but next to money. According to theory this will bring balance to money, but without the negatives (and needed government adherence) of a gold standard.

The author of an anonymous blog (but sees to have deep knowledge) claims its fiat in the short term, but bound in the long run. It would also not require, I think, a central bank and could still allow fractional reserve banking, which I really don't see being eliminated and may not be such an evil thing.
Sorry if its messy, but I really don't grasp it, at least how it may impact real life.



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Direct Link To This Post Posted: January 23 2013 at 19:26
Originally posted by thellama73 thellama73 wrote:

 

1. You say you are not in favor of bleeding the budget to attract business, which is reasonable, but bear in mind that tax revenue comes from income, so the more income you have, the more tax revenue you will have. The more encouraging of business we are, the more income there will be and the more taxes thta can then be collected. Very high taxes are currently driving businesses out of California, which is not helping their budget problems in the slightest.  

I agree that high tax rates could drive out business.  However, some states down here granted free power to woo big corporations to set up factories.   So where does it end?   We have reached a situation where corporations virtually receive dossiers from countries that would like them to set up shop there and then drive a hard bargain until the only tangible gains from their entry would be employment.   I don't think a laissez faire approach is completely feasible unless all nations have the same tax and other policies.   That is of course the situation economists envisage when they talk about perfect competition but it is unlikely to ever materialise in the real world.   It is ultimately a trade off -  bending down on both knees for big business or big votes, what's the difference. 

Originally posted by thellama73 thellama73 wrote:

 
2. You want checks and balances on large corporations.So do I. Big government programs are a large part of the reason that big corporations have so much power to begin with. Government grants legal monopolies, and restricts the ability of smaller firms to compete, because of the lobbying efforts of big companies. In may states you have to have a government issued license to cut hair. Why? Because the big hair cutting chains don't want to deal with a lot of competition and have convinced government to play ball. Cronyism is a product of big government, not of small government. The more power you give the feds, the more they will use it to reward their friends and punish their enemies.  

I don't disagree with the potential for cronyism with big government but my experience of the advocates of laissez faire does not convince me that they would not attempt to favour certain firms at the expense of others.   So I don't think cronyism has much to do with the presence of big govt or limited govt but simply the integrity of the govt.   I think we can all agree that that is in short supply at the moment.

Originally posted by thellama73 thellama73 wrote:

 
3. You worry about the decline of social mores. So do I. What do you think big government is doing to preserve them? Government has grown bigger and bigger over the course of the last century, while it could be argued that morality has steeply declined. It's a big topic, but don't you think people would be more charitable if they new government wasn't taking care of people? Don't you think the way government subsidies illegitimate children and single parenthood has an effect?

4. Why are you worried about income inequality? If me and my neighbor make the same amount of money, and my neighbor gets a raise, does that make me worse off? Inequality has increased, but my situation is not worse than it was. In fact, my neighbor might invite me over to a BBQ to celebrate his good fortune, in which case I benefit from some tasty grilled meat.


I think points no.3 and no.4 are related.   As inequality rises and as people become more and more aware that the rich evade tax through sophisticated structures, there is a sense of disillusionment that one can never make their mark in life unless one is already rich and powerful.    I agree that in theory there is nothing wrong with somebody making more money than me; I am sure one of my good friends from college does so and I have never compared myself with him.   But things are not always quite so simple because some people also trample upon others to climb up the ladder.  It is a myth that people play fair and square to get to the top; rather, they almost never do and this creates a lot of resentment and discontent in the lower classes of society.   Why should an average Joe be an honest hard worker if he knows that crime is what will accelerate his progress.   Does economics really have a convincing answer to this question?  This scenario presents two alternatives: to either dismiss the lower class as idiots and wait until they vote with their feet or to demonstrate some understanding and put oneself in their shoes.   

When we had big govt, it was inefficient and made everyone suffer but it was relatively easier to get people to abide by simple things like not breaking queues or waiting for commuters to get down from a train before getting in.   I have only seen discipline break down as govt stepped out more and more in the last two or more decades because the decision to follow or break a rule seems to  be based more on expediency now rather than principle.   And it is not a question here of long queues or crowded trains forcing such behaviour; when the train is not crowded there is a mad rush to grab a window seat and nevermind the frail old man trying to get down and getting crushed in the melee.  Nevermind the women getting groped in the crowded staircase because it's their fault they left the kitchen...whatever.      
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Direct Link To This Post Posted: January 23 2013 at 19:32
Roger: Fair points, but I'm somewhat mystified at your claim that government has stepped out of the way in the last two decades and your implication that government will make people treat each other better on trains.

Brian: I'll have to look into it, as it makes no sense to me the way you explained it. Tongue
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Direct Link To This Post Posted: January 23 2013 at 19:39
^Roger is from India, so he's probably talking about the situation there, not in the US or Europe.
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Direct Link To This Post Posted: January 23 2013 at 19:39
I am speaking of the Indian experience, so yes Govt did step out from a lot of sectors in the last two decades though, by American standards, what we have here would probably still be classified as big govt.  

" your implication that government will make people treat each other better on trains."  -  

Never implied this.  That's just you connecting unrelated ideas and I am not going to clarify that.   
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Direct Link To This Post Posted: January 23 2013 at 19:41
Originally posted by thellama73 thellama73 wrote:


Brian: I'll have to look into it, as it makes no sense to me the way you explained it. Tongue



Please. Someone was making it out to be this be all end all, some "theory of everything" of money that is simple and fixes all ills, and I don't even get the concept itself. LOL

The blog talks about alot of stuff but this is I think is the post that discusses the point most. http://fofoa.blogspot.com/2011/05/return-to-honest-money.html


Edited by JJLehto - January 23 2013 at 19:43
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Direct Link To This Post Posted: January 23 2013 at 20:05
Originally posted by JJLehto JJLehto wrote:

Originally posted by thellama73 thellama73 wrote:


Brian: I'll have to look into it, as it makes no sense to me the way you explained it. Tongue



Please. Someone was making it out to be this be all end all, some "theory of everything" of money that is simple and fixes all ills, and I don't even get the concept itself. LOL

The blog talks about alot of stuff but this is I think is the post that discusses the point most. http://fofoa.blogspot.com/2011/05/return-to-honest-money.html


I just read the wikipedia article on Freegold. If I'm understanding it correctly, it seems like less of a system to be imposed and more of a thing that either happens or doesn't on its own. I don't see how you can prevent people from trading in gold or other commodities ("demonetizing" them) and I don't think it is very wise for the society as a whole to use gold as a store of value over currency, since that would greatly weaken the banking system. Banks are very, very good, because a deposit made by a man in Maine can be available as a loan to someone in California within seconds. If everyone is hoarding gold in their houses, that can't happen and it's bad for trade and the economy.

This is just based on a cursory reading, but it seems like a stupid idea to me. Currency works really well as long as you don't have a central bank flooding the market all the time.
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Direct Link To This Post Posted: January 23 2013 at 20:16
As I try to articulate my thoughts on this subject:  what exactly is the difference between big bad wolves in the govt and big bad wolves in corporations?  The former nominally represent the people.  Corporations may also be made up of people but they are not obliged to understand people or their feelings, only to please their shareholders.  We had a curious situation here recently where an airline shut down, rendering its employees (whose pay was already overdue for over a year) jobless while the owner meanwhile partied merrily at the Indian GP and flaunted the prized Tipu Sultan sword he had acquired earlier at an auction.   He said brazenly that he was not obliged to look after them and as his business was unviable, he had no other option.  On paper, he still wants to restart the airline but I see no light at the end of the tunnel so far.    It is possible for the people to take to the streets and fight for their rights because as the voters, they command some political power to that extent.  A govt that disdains them would risk losing serious political capital so beyond a point they won't (especially because their rivals wouldn't lose any opportunity to pull them down).   As bad as an elected govt is, it alone represents the democratic system.  If we want to leave it to the businessmen to run the show, we might as well sign up to time travel to the medieval era.   That idea may or may not find takers on this forum, but as an Indian I certainly wouldn't want to see a return to the bad old days of feudalism and caste divisions and support a system that maintains democratic values, be it left, right or centre. 


Edited by rogerthat - January 23 2013 at 20:17
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Direct Link To This Post Posted: January 23 2013 at 20:25
Originally posted by thellama73 thellama73 wrote:

Originally posted by JJLehto JJLehto wrote:

Originally posted by thellama73 thellama73 wrote:


Brian: I'll have to look into it, as it makes no sense to me the way you explained it. Tongue



Please. Someone was making it out to be this be all end all, some "theory of everything" of money that is simple and fixes all ills, and I don't even get the concept itself. LOL

The blog talks about alot of stuff but this is I think is the post that discusses the point most. http://fofoa.blogspot.com/2011/05/return-to-honest-money.html


I just read the wikipedia article on Freegold. If I'm understanding it correctly, it seems like less of a system to be imposed and more of a thing that either happens or doesn't on its own. I don't see how you can prevent people from trading in gold or other commodities ("demonetizing" them) and I don't think it is very wise for the society as a whole to use gold as a store of value over currency, since that would greatly weaken the banking system. Banks are very, very good, because a deposit made by a man in Maine can be available as a loan to someone in California within seconds. If everyone is hoarding gold in their houses, that can't happen and it's bad for trade and the economy.

This is just based on a cursory reading, but it seems like a stupid idea to me. Currency works really well as long as you don't have a central bank flooding the market all the time.


Actually yes, the guy claims it is inevitable, the process to becoming freegold, and the US can only fight it or allow it.
It doesn't help that its kinda secretive and pretentious...and he does make some pretty far out claims.
Anyway, what really confused me in that blog the claim is fiat money would still work in the short term, for transactions as you talk about but I guess you can shuffle between it and gold depending on how the money supply/inflation is. I really dont knowLOL just exploring ideas that are out there.
Just was wondering since you seem quite good with econ and money.
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Direct Link To This Post Posted: January 23 2013 at 20:29
Originally posted by rogerthat rogerthat wrote:

As I try to articulate my thoughts on this subject:  what exactly is the difference between big bad wolves in the govt and big bad wolves in corporations?


The difference is that if you don't do as the government says, they can use force to lock you away forever. If you don't do as the corporations say, they can't do a damn thing to you.

The book I'm reading at the moment has a chapter called "Don't Harm People and Don't Take Their Stuff." That sums up libertarianism in a single sentence. If you agree with that sentence, you are a libertarian.
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Direct Link To This Post Posted: January 23 2013 at 20:40
Originally posted by rogerthat rogerthat wrote:

As I try to articulate my thoughts on this subject:  what exactly is the difference between big bad wolves in the govt and big bad wolves in corporations?  The former nominally represent the people.  Corporations may also be made up of people but they are not obliged to understand people or their feelings, only to please their shareholders.  We had a curious situation here recently where an airline shut down, rendering its employees (whose pay was already overdue for over a year) jobless while the owner meanwhile partied merrily at the Indian GP and flaunted the prized Tipu Sultan sword he had acquired earlier at an auction.   He said brazenly that he was not obliged to look after them and as his business was unviable, he had no other option.  On paper, he still wants to restart the airline but I see no light at the end of the tunnel so far.    It is possible for the people to take to the streets and fight for their rights because as the voters, they command some political power to that extent.  A govt that disdains them would risk losing serious political capital so beyond a point they won't (especially because their rivals wouldn't lose any opportunity to pull them down).   As bad as an elected govt is, it alone represents the democratic system.  If we want to leave it to the businessmen to run the show, we might as well sign up to time travel to the medieval era.   That idea may or may not find takers on this forum, but as an Indian I certainly wouldn't want to see a return to the bad old days of feudalism and caste divisions and support a system that maintains democratic values, be it left, right or centre. 


First, trust me. I certainly don't want a return to feudalism and caste system! Also note that the transition to capitalism went along with an erosion of the feudal system.
Edit: Also free trade and free markets leads to peace. Countries are far less likely to kill each other when they are making $$ and same with people. Like how Ireland finally put a lot of its troubled past away for good as they "liberalized" Why hate on other religions and people when you are making $? Even if you hate em...can't really kill em anymoreLOL


Uh sorry, here is my take, again that issue of corporations "running the show".
Isn't this what we have now? As you said, we can petition our government and fight for our rights. But so can anyone...and the rich/corporations have much more $$ and clout. Unless we get true mass uniformity, but this is very unlikely. Hell, it takes alot to get a single congressperson voted out of office!
Even when something IS passed like the Wall Street Reform Bill, it got slowly picked apart inside and out. Or Audit the Fed, ONE person got the bill limited and almost killed, because the banks that gave him $$ funded him.
"Obamacare" in its original form was killed by a few Senators with lots of $$ from healthcare given to them. Point being, there is a legal way for corporations to own and run us.


In a market how terribly different would things be? If the huge gap in income equality is upsetting ,well that has never gone away. Huge corporations? That still happens. b*****d businessmen? It will always happen sadly.
Business runs the show now, with less government at least their power will be limited to work the system.


Edited by JJLehto - January 23 2013 at 20:43
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Direct Link To This Post Posted: January 23 2013 at 22:31
Originally posted by JJLehto JJLehto wrote:



In a market how terribly different would things be? If the huge gap in income equality is upsetting ,well that has never gone away. Huge corporations? That still happens. b*****d businessmen? It will always happen sadly.
Business runs the show now, with less government at least their power will be limited to work the system.


No, the huge income gap hasn't gone away, it has got worse over the past 30 years, in geometric proportions, as Reagan and his followers backed off on regulating business and allowed business and the wealthy to take over.  While a lot of you complain about government getting bigger, in the areas where it really counts, economic regulation and regulation of business, it has got smaller over the past 30 years with a move to allow businesses more freedom to do whatever they want to do.  And the power of business and the wealthy has increased. 
I can understand your anger at me, but what did the horse I rode in on ever do to you?
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Direct Link To This Post Posted: January 23 2013 at 22:33
Originally posted by thellama73 thellama73 wrote:

Originally posted by rogerthat rogerthat wrote:

As I try to articulate my thoughts on this subject:  what exactly is the difference between big bad wolves in the govt and big bad wolves in corporations?


The difference is that if you don't do as the government says, they can use force to lock you away forever. If you don't do as the corporations say, they can't do a damn thing to you.

The book I'm reading at the moment has a chapter called "Don't Harm People and Don't Take Their Stuff." That sums up libertarianism in a single sentence. If you agree with that sentence, you are a libertarian.


They can fire you, they can refuse to sell to you, and it is only because of the police power of the state that corporations do not have private police power.  Take government away and corporations will be able to force you at the point of a gun. 
I can understand your anger at me, but what did the horse I rode in on ever do to you?
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