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Politics : PRESIDENT GEORGE W. BUSH
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To: Mr. Whist who wrote (191043)10/11/2001 6:41:52 PM
From: TimF  Read Replies (1) of 769667
 
I respectfully disagree. In an "ideal" economic model, such might be true. However, we don't live in an "ideal" world. The extent of corporate welfare today has polluted the competitive spirit.

We don't now, and no one ever has lived in an economy that is exactly like the classical capitalist model. There are always complicating factors and imperfections. Perhaps there are more now then in the past, but that does not mean the classic model is useless. There still is a lot of competition and lowered costs will result in lower prices.

Also as I said in my post before to the extent that things are uncompetitive it is not because of tax rate reductions or high pay for CEOs. Where things are not competitive then the worry should be at the lack of competition.

Anyone who thinks things are not competitive should try compare prices in computers or even at the deals you can get on cars now. Yes there are pockets of the economy where competition is slim. The worst examples of this are probably the result of government action for example there is no competition in delivering first class mail, and monopolies in cable TV and phone service where created by at least partially by government restrictions. Lowering tax rates will not decrease competition here. Reducing CEO salaries will not increase it. Anyone who thinks things are not competitive should try compare prices in computers or even at the deals you can get on cars now. Yes there are pockets of the economy where competition is slim. The worst examples of this are probably the result of government action for example there is no competition in delivering first class mail, and monoplies in cable TV and phone service where created by at least partially by government restrictions. Lowering tax rates will not decrease competition here. Reduceing CEO salaries will not increase it.

Tim
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