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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (413310)9/3/2008 8:58:20 PM
From: i-node1 Recommendation  Read Replies (1) of 1575980
 

Its free markets that enabled two major negatives to happen to this country......the housing debacle and the energy freezeup. Free markets discourage gov't regulation......hence the housing mess. Free markets were unconcerned that oil may be running out and discouraged the development of alternative energy sources until to late......hence the current energy crisis.

Ignorant.

Free markets have nothing to do with with the "housing" (I assume you mean the "mortgage") debacle. We've had these kinds of problems on a routine basis in highly regulated as well as less-regulated environments. It is simply a product of overheated markets, and these kinds of "debacles" serve as relief valves to insure that more serious events don't occur.

As to oil and alternative energy sources, you have it ass backwards. It is specifically the free market that insures that alternative energy sources will be developed as needed. When gasoline prices get sufficiently high, the emphasis on alternatives appears. With $3 gas, there is simply no reason for a focus on alternatives. With gas at $5, $6, or $7 or higher, where it will eventually be, alternative energy will get done and quickly.

That's the way markets work. What we know does NOT work is markets that are hogtied with government regulation.

I refer you to the longest period of sustained economic growth since the Great Depression, that is, the Reagan Revolution years.
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