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Politics : Mainstream Politics and Economics

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To: TimF who wrote (51525)	8/24/2013 11:56:10 AM
From: koan	Read Replies (2) of 85487

It would be covered in social science classes and thinking government is the biggest monopoly is not correct. You constantly forget government is a product of democracy where we decide what it will do. Therefore it cannot be considered a monopoly. We are a democracy and WE decide what kind of government we want. WE are in control! That is not the case with corporations! <<Governments have to break up and monitor monopolies. That isn't a scientific issue. Neither are any of the other issues you mention. Science (in this case largely economics which is pretty soft as a science), can give us useful facts to inform the decision. For examples it can point out the harmful effects of high minimum wages, and other forms of price controls. But it can't say "don't do it" without making a value judgement that takes it outside of science. Also most monopolies, and the most destructive monopolies are created by government or protected by government. Actually government itself is the biggest monopoly.

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