To: Daniel Liberty who wrote (2431 ) 7/12/1998 12:11:00 AM From: ahhaha Read Replies (1) | Respond to of 29970
Free markets always work. They work in spite of all the efforts of individuals, governments, corporations, and university economic philosophies, to make them work properly. When these forces interfere with the market, the only consequence is an impulse to disequilibrium, which takes time to wash out. People through governments can outlaw free markets, but they still operate. The Soviet Union outlawed all markets. The majority of intellectuals world wide quietly applauded the Soviet Union's action because they knew it would bring a utopia of fairness with no corporations. The theory didn't work, but during the interim of seventy years, two generations of Russian's lives were wasted. The result was the quiet dismemberment of the anti-market state. What year did the Soviet Union disappear? No one knows. '89? '90? '91? No one in any circle is saying a word about this absurd attempt to rewrite the nature of existence. The Russians either could have gone on with institutionalized depression to serve experiments by university professors or they could quietly sweep their great revolution under the rug. Free market capitalism was busting loose any way. There's a limit to how long you can keep it down. When it busts loose, it steam rolls everyone the authorities were trying to protect. So they could either choose to die as a nation or let the poor starving and oppressed be smashed. Another testament to the glories of socialism and the attempts to do good through the institutionalization of fairness. In the US we have similar occurrences but the events are milder so the time wasting interference only sacrifices a decade for an industry at the long term cost to society. Don't be trying to aspire to greatness during that decade in any industry effected, they'll just waste you. You have to go to an industry that is outside the purview of those leveling the playing field. That means don't get involved with big time telcom unless you're already stuck there. You'll be in a situation like the oil industry which is still heavily controlled after government presumably freed it 1980. The situation is that if you're a telcom exec, you spend your time reading constraints arbitrarily imposed by Congress in order to keep things fair, you don't spend time creating products and strategies. This is called misallocation of resources and it proceeds on the assumption that some public protection group knows how to pull wire better than your telcom company. You can't make any right decision. It's just like the Soviet Union on a smaller scale. The Republicans are almost as guilty of the interference as the Democrats. The only solution is to get out of that business. There's the real reason why monopoly can survive. Government creates laws which enable monopoly to hang on under the intent of getting rid of it. Judge Bork is just as incompetently guilty of making such decisions as he is competent at making decision to promote competition. It took the Soviet Union 70 years to finally throw in the towel on their pretense, it will take us at least 200 years to do the same at a society wide level. It will take us longer because none of the nonsense threatens the continued existence of the US like it did the Soviet Union. Poor ATHM. They're in the middle of all this. I believe that since they are not the perceived beneficiaries of fairness, a minimal amount of it will be visited upon them. The RBOCs, the cable companies, the LECs, the long distance carriers, they will all be tearing each other apart. For years. In the Supreme Court. ATHM will glide smoothly by but don't expect Wall Street to become enamored with them. To me, that's the best news of all.