Government, in a free market, would have to eschew that kind of intervention as well.Originally Posted by Strike For The South
A fair reminder that the good old days were not universally good.
Re: What economic approach would actually work?
Government, in a free market, would have to eschew that kind of intervention as well.
A fair reminder that the good old days were not universally good.
"The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that's why it's so essential to preserving individual freedom.” -- Milton Friedman
"The urge to save humanity is almost always a false front for the urge to rule." -- H. L. Mencken
Re: What economic approach would actually work?
How is that an example of free market. It is the beginning of government interference in the economy.
Republicans didn’t gain then reputation as the party of big business for nothing. The Robber Barons were the beneficiaries of government largess. Generous subsidies, protectionist tariffs, favourable laws, and erroneous court findings. There are even examples of every member of congress receiving shares in some of the corporations.
And yes, government intervention on behalf of business to crush labour disputes.
So, why it it we blame the markets and over look the role of government in bring it about.
Education: that which reveals to the wise,
and conceals from the stupid,
the vast limits of their knowledge.
Mark Twain
Re: What economic approach would actually work?
We are saying the same thing from a different phrasing perspective.
You were arguing for the value of free markets.
Strike was sarcastically saying that in the pre-FDR era (when some presume the markets to have been largely free of government interference) the markets weren't free, but that government interfered on the side of business against the "little guy."
I was remarking that such interference was ALSO antithetical to the concept of a free market. Neither government control NOR government bailing out donors would mesh with a truly free market.
Though I don't believe a truly free market has existed once agriculture made larger civilizations possible, and maybe not even prior to then.
"The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that's why it's so essential to preserving individual freedom.” -- Milton Friedman
"The urge to save humanity is almost always a false front for the urge to rule." -- H. L. Mencken
Re: What economic approach would actually work?
Maybe flea markets and garage sales
Education: that which reveals to the wise,
and conceals from the stupid,
the vast limits of their knowledge.
Mark Twain
Re: What economic approach would actually work?
Those only work in populated neighbourhoods, you do need buyers for your garage items
Ja mata, TosaInu. You will forever be remembered.
Proud
Been to:
Swords Made of Letters - 1938. The war is looming in France - and Alexandre Reythier does not have much time left to protect his country. A novel set before the war.
A Painted Shield of Honour - 1313. Templar Knights in France are in grave danger. Can they be saved?
Re: What economic approach would actually work?
How would you define a free market anyway?
Does a free market have patents for example?
"Topic is tired and needs a nap." - Tosa Inu
Re: What economic approach would actually work?
It's when you get to the market and get everything for free.
Re: What economic approach would actually work?
Sorry for the long delay but thought there might be a few more opinions on this.
A free market is just an open market where property rights are respected or protected but little regulation in regard to entry (competition among suppliers).
As it protects property rights, patents are a part of that. Now how much protection for how long is another matter. Patents shouldn’t be in perpetuity. They should be for a few years only and not decades upon decades. That in its self stifles innovation and invention.
Just an aside but many inventions seem to occur to multiple individuals at the same time. Sewing Machines, RADAR, and the Television are some of the examples. You could say they were ideas who's time had come.
Education: that which reveals to the wise,
and conceals from the stupid,
the vast limits of their knowledge.
Mark Twain
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