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To: BGR who wrote (17971)8/26/2003 2:02:41 PM
From: maceng2  Read Replies (1) | Respond to of 57684
 
That sounds fair and logical, I had also mentioned a concern about fair bidding of government work in another reply.

The trouble is though, as I see it, most Western Governments will fail badly when their tax revenue is reduced radically. Historically they have not been shown to be a good at unpopular moves like reducing the bureaucracy, cutting jobs, and generally improving efficiency. This would have destabilizing effect on the richer democratic Western nations imho.

Keynes was able to rise to popularity in the UK during the depression years because the alternative was outright communism from what I have learnt. Democracy would be threatened if the free market was able to operate entirely in the fashion suggested is my point. Would you agree so far?

I'm not trying to trap any argument into being proved wrong, just wondering what a realistic expectation can be made given the distribution of wealth amongst the nations as is.

Thus, are some sort of controls by governments necessary?

I'll agree it's a tricky question though -g-