Jeryn wrote:
I'm not saying centrally planned economies aren't capable of creating some poor price mechanisms, I'm saying that it seems an awful lot like you just don't want to call a price a price, because that wouldn't dovetail well with your reluctance to consider Hopwin a customer because the entity on the other end of a transaction was a governmental one.
No, I'm saying that it is somethinmg other than a price because it doesn't behave like a price, isn't managed like a price, and isn't calculated like a price.
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Oh, and I thought the quote was topical because it was, in a nutshell, a notable economist and philosopher emphasizing the necessity of some degree of government involvement in economies.
He is perpetrating a fraud. Wrapping an aversion to economic freedom in eloquence doesn't somehow change what it is. He didn't offer any sort of evidence of
need, he simply wrapped a very old, and very ugly argument in a fancy new dress, and trotted it around on his arm. He reminded me of Deepak Chopra, in his tone, and in his gobbledy-gook.
I tend to agree with Hayek's approach: that the extent of government's involvement in economics should be those things non-detrimental to growth, such as protection against fraud and individual free-trade agreements with other nations.
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Consider the unalienable rights laid down in the Declaration of Independence: life, liberty and the pursuit of happiness.
Unalienable means nontransferable, which means that the Founders, early on in the document you are discussing, as if to preface the rest of the document with the notion, stated that they weren't laying down those rights for anyone. That those rights already existed, and didn't come from man or groups of men or from Kings or any other form of government, and could not be stripped away. That while those rights could be oppressed they still existed, and any government that did so was tyrannical and should be looked harshly upon.
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Call it a stretch, but a relevant bit of the government involvement we see in economies - say, labor law - is a response to an inequality of bargaining power in the forming of contracts between employers and employees.
Honestly, I feel most labor law is garbage, and achieves more undesirable results than desirable. Most of those laws hurting the poor more than anyone else, indirectly, and in unforeseen ways.
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A total laissez faire government would in all likelihood wind us up in a culture of princes and paupers as inevitably as a big government bent on taxing the middle class out of existence.
You have no evidence of this. None. Constant competition levels the playing field. Innovation in business and technology are constants. The inconceivably huge multinationals you see today only exist because of direct government involvement and regulation, they wouldn't have been likely to achieve their dominance in a laissez faire economy. Big Businesses love to be regulated because it exponentially broadens and then guarantees market share, and protects them from the responsibility of poor management and risky business practices. Under this model it is the middle and poorer classes who suffer the most. Small and medium sized local businesses face insurmountable financial barriers to markets, while at the same time being forced to share the financial burden of the failures of the multi-nationals in the form of taxes.
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There may not be anything wrong with letting things run their course, if you really believe in a hands-off stance, but try telling that to the paupers who also feel entitled to the pursuit of happiness.
They should feel entitled to it. They are entitled to it. The problem is that they are only entitled to the
pursuit of happiness, not to happiness itself, and certainly not in any way that imposes on the liberty of others.
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Historically speaking, they've tended to get pissed eventually.
Getting pissed off doesn't make them right. If you want make a habit of moving away from what is right because you don't want to offend people, well, I don't know what to tell you.
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If you look at government as being sort of a brain and nervous system for a societal entity, it makes sense for it to evolve mechanisms to ensure the society remains relatively stable.
I could not disagree more strongly. Good government reflects the people, it does not try to conform them, as the people, as you argued earlier, are entitled to their liberties. The system you advocate here is tyrannical at best, and if it is the brain of the beast, than the beast is mongoloid.
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The theory that a totally free market will fail as readily as a totally planned one seems like a valid idea, to me.
I've never once heard a decent argument for that theory, nor seen a working example of any alternative.
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The quote itself isn't a direct statement about "prices", as you said, but it underscores that government isn't categorically some bogeyman any time it gets involved (which seems to me to be one of the underlying points in most of your commentary about all things federal).
Not all things federal. Just things that don't work well, or are ideologically opposed to liberty.
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19 Yet she became more and more promiscuous as she recalled the days of her youth, when she was a prostitute in Egypt. 20 There she lusted after her lovers, whose genitals were like those of donkeys and whose emission was like that of horses.
Ezekiel 23:19-20