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Politics : The Castle -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (3115)	3/12/2004 4:35:45 PM
From: tejek	Read Replies (1) \| Respond to of 7936

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. We have not has a significant crash since the 1930s. Prior to 1929, we had market crashes with some regularity where severe recessions/depressions followed. That's sufficient evidence for me that gov't regulation is working. 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. The lumber, iron and steel, coal etc monopolies if caused by gov'ts were caused by those that were corrupted. However most monopolies were created by corruption and greed in the free market economy. ted