Free Market: greed.../private sector vs public sector

Discussion in 'Economy' started by AtlasShrieked, Jun 22, 2008.

  1. AtlasShrieked
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    AtlasShrieked Member

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    I believe (as do others) that a few smart people have reframed arguments about public vs private as free market vs government.

    It is a way of keep us from looking at the concrete failures and the greed of the private sector, and to have us argue the merits of the free market --- in which regulation and/or public ownership/participation is really not anathema.

    -----

    here is a post starter I used someplace else: "I referenced this article in a few posts earlier this week. No one seems to have picked up on it because I assume they do not read the WSJ. I am surprised as so many here speak about economic issues."

    I added "my point is that the free market is often pretty ugly. imagine if this were health care?" "many of the rah rah free marketers often blame government for NOT regulating them well enough"


    here is the WSJ linked article...
    later on I added this after seeing more than a few views yet no comments from the loud font crowd of speech makers and blowhards:
    is it possible to get the boobs who always mention the free market to rationally debate private vs public approaches to different issues without them resorting to boogy men, straw man arguments, scare tactics and hooey about socialism, communism and other silly isms?
    :eusa_whistle:
     
  2. Paulie
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    Paulie Platinum Member

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    Why should greed be regulated by government? Should a business not be free to earn as much profit as it possibly can? Isn't that what you go into business for? To make profit? When a company breaks the law to make a profit, then they should be dealt with accordingly. Otherwise, it's their business to run how they see fit.

    The fact that some companies are greedy should not ruin it for the idea of the free market. The free market isn't just the businesses, it's the consumers as well. We don't have to buy products from the obviously greedy companies, and by not doing so, we would cut their profits down and make them pay for their greed without the need to enact yet even more laws, and expand bureacracy or create NEW bureacracy.

    If you believe Wal-Mart is the bain of American existence, for example, then quit shopping there. Don't trash them, and then secretly shop there because you can't find a better deal anywhere else.

    How many Wal-Mart haters do you think continue to shop there? I'll bet a LOT.

    The free market is dictated by the business/consumer relationship. If you don't know what's best for you, then that's pretty sad.

    A greedy company should pay the consequence of lost business from consumers, rather than more laws enacted to stop it.

    Again, take responsibility for yourself and stop requesting the government take the responsibility FOR you.
     
    Last edited: Jun 22, 2008
  3. AtlasShrieked
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    AtlasShrieked Member

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    greed and profit are not the same thing and it is the ignorant amongst us who think so.

    we've regulated profit in necessary markets. we did it with energy utilities and were better off for it.

    you are using free market where you mean private sector.

    wassup with the speech and the straw men? is the circus in town?

    who cares? they are hypocrites and fools. you spend way too much time worrying what other people are doing.

    theory and a foolish personal attack

    so greed is bad? laws are bad?



    straw man is in town
     
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  4. AtlasShrieked
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    AtlasShrieked Member

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    so what have you added besides a few paragraphs? why is your post filled with rants and raves about straw men and wal mart?

    why not stick to a substantive argument? is it too difficult?
     
  5. Toro
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    Toro Diamond Member

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    The market creates the most wealth for the most people most of the time. It is the structure that generates the greatest amount of wealth than any other, bar none.

    However, it does not create all the wealth for all the people all of the time.

    Where markets fail, or where society deems it too important for the losers in the market to be left behind, government should intervene.

    Perhaps the greatest thing government can do in the market is to facilitate and increase transparency. Markets work best and most efficiently the more information sellers and buyers have. Excessive profits, known as "economic rents," are most likely to arise when one party has asymmetrical information relative to the party on the other side of the transaction. It is not possible for all parties to have perfect information, but the more information consumers have, the better choices they will make.
     
  6. Zoomie1980
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    Zoomie1980 Senior Member

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    Business serves absolutely NO social purpose, whatsoever. IT was never intended to nor will it ever. You go into business to MAKE MONEY. You invest in a business to MAKE MONEY. Business HAS NO OTHER PURPOSE, period.
     
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  7. Diuretic
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    Diuretic Permanently confused

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    Yes, any goods we get are side-benefits I suppose. But that seems to me to be a reason to have government involved in providing that which businesses can't or won't.
     
  8. dilloduck
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    dilloduck Diamond Member

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    What is the sense in our government taxing us and then using our money to buy us the things we could have purchased for ourselves? What is it that business will not provide for a price ?
     
  9. sealybobo
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    sealybobo Diamond Member

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    deregulations will become a dirty word. the gop was clever to say gov reguations is what's wrong w government. whatever they say, believe the opposite. they never say fair markets. so they deregulate mines and mine safety goes down. so they can bleed the treasury with no oversite. they appoint oil men to oversee oil speculations. next they will call us socialists then commys. they purposely keep oil supplies low and speculate. even now when congress tries to enforce, bush appointees won't enforce. can u not se this is a problem?
     
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  10. RetiredGySgt
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    RetiredGySgt Platinum Member

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    The conspiracy forum is over there. Post your drivel where it belongs.
     

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