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To: miraje who wrote (11188)10/8/1998 2:03:00 PM
From: ToySoldier  Respond to of 74651
 
James,

You want to see the results of a completely unrestrain capitlaist strategy, just look what is happening globally as we speak. Many of the problems that the US and Canada are now beginning to feel (regarding the Asian flu and Russia) are because of lack of banking and currency trading controls that were allowed to corrupt the growth pace. Banks in the east with no real government banking controls, currency traders that are easily allowed to speculate on world currencies, etc. Also, remember your famed S&L scandals? Was that because of too much govenment management or too much free market economy? Try to be honest on that one.

So be very careful yourself about how completely free market driven economic factors have effected our current global economic crisis. The Us has - until very recently - mostly been unaffected by the global economic melt-down. But you will be feeling it now. And there is no easy answer on how this will be turned around.

Welcome to your nightmare that you so much favour. There is always a time and place for Government regulations and enforcements. If given the change to take advantage of a system - most companies will. Even economies need controls!

Toy



To: miraje who wrote (11188)10/8/1998 2:05:00 PM
From: Charles Tutt  Respond to of 74651
 
Monopolies distort otherwise "free" markets. Consequently, laws have been written to try to ensure that monopolists do not abuse their power. I don't think anybody would enjoy a completely free "anything goes" market (e.g. one in which only pure market forces could be called on to stop the distribution of dangerous drugs). Once you admit to the need for regulation, it is hard to understand why reining in _abuses_ of monopoly power is not appropriate.

JMHO.