Anatomy of casino capitalism Pt.8

Jane D'Arista: There is always a role for government in areas where the market has failed or won't move

Category:

News & Politics

Tags:

• Jane
• D'Arista
• Wall
• Street
• Economic
• crisis

[blackiron60]

At least government can be held accountable by the people.

[elbowbiter1]

Dear Burt,

The progressives must be sick of the free market being manipulated to gain power over the people's gov't.

Peace,

Biter.

[Licmycat]

Perfect place for our enemies come in and kill us. Free Market. Free from the law and Gov. Privatize for the communist warbucks to come in and take over....sheesh. Hope our higher powers eliminate them.

[thomasst2]

I'm thinking about it. Problem is I'm libertarian leaning and The Real News Network is egalitarian leaning, so we most likely wouldn't see eye to eye. I'm currently self studying Austrian economics as well as world history, political science, philosophy and I'm slowly migrating into legal theory. When I'm bettered prepared I plan to freelance write and post videos.

[Indocile12]

If you know so much why don't you post a video response ? . I am sure The Real News Network will be happy to have you as guest.

[thomasst2]

Also central planning is completely incapable of compiling all information necessary to meet individual needs. Even if they did it's still impossible giving that entrepreneurship is future oriented and anticipatory of consumer demand, while central planning is present oriented and always behind consumer demand, and hence wasteful. Also decision making tends to be political (utopian by force) rather than economic (real world voluntary choices between scarce resources)

[thomasst2]

Our major errors occur when Govt intervention takes the due diligence/information gathering/rationalization/deci­sion making abilities away for individual consumers into the hands of central planners in an attempt to remove risk and public perception of scarcity. Ironically, this causes more risk to be taken and resources to be depleted at an accelerating rate than otherwise because of the belief in the central planner. But there are inherent conflicts of interest between regulator and regulated.

[thomasst2]

You must first define free market before you criticize it.

Free market means voluntary (free), mutually beneficial exchange of marketable private property (market) within a world of scarce resources. Consumers make rationalized choices between different goods and services based on desired ends and perception of the need of those goods and services (means) to meet those ends. Those choices aren't necessarily correct, so due diligence, trial/error and previous knowledge are used to aid decisions.

[elbowbiter1]

Dear Buh Buh Buh Burt!

What about stealing from the poor to pay the rich?

Biter.

[robb1031]

You do realize that it's your Free Market Laissez-faire Fantasies that got us to this point in time. Don't believe it?

Just ask the Ayn Rand disciple Allen Greenspan. I thought he was going to commit suicide when he found his libertarian philosophy is extremely flawed and that he has fucked every American in the ass because of his beliefs...

Historically a fully free market has never existed. Most "free market" economies are "mixed." "free market" economies are "mixed."

[elbowbiter1]

Burt, Why vote when your views aren't even represented? No sir, better to stay at home and watch the WWE which is WAY more realistic and well acted than current US politics. Did you get as worked up when Andre the Giant trash talked Hulk Hogan as you did when the evil fascist lefties squable over policy with the morally perfect righties? Do you shout and throw popcorn at CNN? Do you wave your "Right makes Right" sign around when your guy does the pump up speech at his rallies? Bah.

Biter

[oraqol]

The reserves of a nationalized bank would come from the same place the Fed currently draws its capital, not taxes. Only differences is revenue gained from interest would return directly to public coffers, unless the bank decides to operate at 0 interest. Credit as a public utiltiy, what a concept.