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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Richard Nehrboss who wrote (35034)	11/1/1998 7:18:00 PM
From: Ilaine	Read Replies (1) \| Respond to of 132070

Hi Richard, couldn't agree with you more: >>>>>True, if we imagine a medical system with no regulation, we can envision a system that would take advantage of and kill many. I would submit, that our legal system (which needs fixing as well) would take care of that.<<<<< I am here to do my part, but, lawyers can't save everyone.<g> Still, I like to think that more people are alive and well today because I scare the bejeezus out of people who would otherwise not give a thought to the results of their actions.<g> CobaltBlue

To: Richard Nehrboss who wrote (35034)	11/2/1998 1:16:00 AM
From: Thomas M.	Read Replies (1) \| Respond to of 132070

The S&L industry did a nice job of self-regulation. <g> Tom

To: Richard Nehrboss who wrote (35034)	11/2/1998 10:57:00 AM
From: Knighty Tin	Read Replies (4) \| Respond to of 132070

Richard, Utilites simply do not work unless heavily regulated. They simply steal with their monopoly status. And central regulation is better than local rules. That is why the French have more nuclear plants and no accidents while we are always on the verge in our few nukes. National defense is another obvious industry, since it is easily the most regulated and the most important. No capitalistic defense force has ever won a major war. In a major war, everything important becomes rationed and regulated. No question that highway and airport infrastructure, another vital part of the world, is better handled by govt. than by corporations. Though the Republicans would disagree, and be wrong, free, highly regulated public education is vital to any society that does not want to shrivel up and die. When education goes capitalistic, at least at elementary levels, you dumb down your citizenry. Basically, if it is important, it is either heavily regulated or run by the govt. If it is not important, like video games, then capitalism reigns. The only question is where you draw the line. And how you develop regulations that work most efficiently and find regulators who are both competent and honest. Socialism doesn't work and capitalism doesn't work. Only a mixed economy works. And, then, rarely. <G> MB