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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: geode00 who wrote (146024)	11/6/2008 5:54:24 PM
From: TimF	2 Recommendations Read Replies (1) \| Respond to of 173976

The government does a billion different things, asking for a very precise definition of extensive is pointless. But obviously extensive intervention is what we have now (from all the regulation, to all the subsidies, and now the financial sector bailout) Which leads to monopoly or oligopoly power in the market and the market no longer functions like it does in a text book. Usually not without government suport of the monopoly or oligopoly. That support can come in very indirect forms that seem benign, like regulations (perhaps for safety and environmental purposes) that disadvantage new entrants to the markets, and that are easier for large established companies to handle. Or it can come through direct restriction on competition from the government. Either way monopolies often exist because of government action. And of course the government is the biggest monopoly itself, and the one most able to impose control and use force against people. Its the main grabber of power. "Straw man. No one is campaigning against anti-fraud laws." So you are ok with the government regulating the markets. I'm ok with fraud being illegal. The vast majority of regulation has little to do with making fraud illegal.