Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : THE SLIGHTLY MODERATED BOXING RING -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (9376)	4/17/2002 12:12:23 PM
From: TigerPaw	Read Replies (1) \| Respond to of 21057

The government is a monopoly and its allowed to use force to implement its policies. A good reason to minimize the areas it controls. I think this reasoning is much too simple to be valid. When dealing with the common welfare, the government should be acting as a referee. In this case you don't want a lot of divided authority and policy. Private institutions can take on this role, for example Underwriter's Laboratory makes a lot of regulations and it is entirely private. Various standards bodies such as ANSI are another example. It takes a lot of time and money and organization to setup such an organization. The Federal Government provides a good home for necessary policy that is dropped or avoided by the private sector. The Tragedy of the Commons shows that it is easy and advantageous to take advantage of shared resources for personal profit in the absense of a regulating authority. TP