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Politics : The Castle
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To: tejek who wrote (3114)3/11/2004 6:21:52 PM
From: TimF  Read Replies (1) of 7936
 
You said that "the intersection of stupidity and greed would exist even with gov't regulation".

I think I just said "stupidity and greed would exist..." not "the intersection of stupidity and greed would exist..." but I won't make too much of an issue because I agree with the statement "the intersection of stupidity and greed would exist even with gov't regulation", and in fact can't see why anyone with any decent understanding of human nature would not agree with such a statement.

Now you may not have intended it but that statement suggests that gov't regulation can not stop market crashes

Yes I would agree with that idea, at least if you forgo regulation so severe as to have a net effect that is worse then market crashes.

and thus, making gov't superfluous in a capitalist economy.

Not at all. If regulation can not stop market crashes that doesn't make government superfluous.

You ignore a hundred years of history and many cases of monopolies that were not caused by gov't but rather were broken up by gov't, but instead, dwell on any that exist right now.

Even historically monopolies where more often caused by government or created with government help then they where created in a situation with an indifferent or hostile government. Interventionist governments create all sorts of monopolies or restrictions to competition.

Also I am not ignoring monopolies that where broken up by government. Some of them where created by the government or with government help, some where not. I never said that no monopoly has ever existed that was not dependent on government support to maintain its monopoly.

It's not as much that capitalism is flawed but that capitalists are, and probably always will be, flawed.

One can not exist without the other.

No system for organizing the economic or political life of humans exists without humans. Humans are flawed and imperfect. In that sense any system will be flawed and imperfect because it depends upon humans.

Tim
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