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Politics : View from the Center and Left
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To: Lane3 who wrote (13009)2/22/2006 7:37:21 PM
From: thames_sider   of 542449
 
I'd also point out that it's hardly a great advert for 'capitalism' and 'let the markets decide' if the state intervenes when it doesn't like the market decision. I'd expect this kind of dirigisme from the French government, maybe, but I'm disappointed to see such posturing from US representatives who should really know better. One might almost call it socialist, implying that the state knows better than the market...

Britain is often being pointed at now as having the most 'open' of the market economies among major nations, in that there appear to be no "national champions" or "no-go" areas which cannot be privatised and sold. And so if its owners see fit to flog off P&O, once a proud flagbearer of Britain (literally) - well, why should the US intervene when they were happy to let Carlyle clean up by buying much of Qinetiq for a song and then sell it off to whoever?

Basically, if you push and praise market forces then this should not come with the caveat "so long as we like what happens". Regulate but not over-rule.
<edit> obviously I am playing devil's advocate here. I don't like the sale of irreplaceable assets or natural monopolies, and I think that the market is not the appropriate decider here because there ought to be too many non-monetary considerations.
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