- Moderator
- #21
No one has argued that private businesses are free from fraud and abuse. However, those guilty of fraud and abuse are checked by the market. Companies that choose to act fraudulently become unprofitable. Then they either have to reform or go out of business. That's the consequences when people can freely not do business with them. Corrupt businesses are inefficient.
Governments guilty of fraud and abuse, on the other hand, simply steal more power and oppress people. They protect their fraud with violence.
That is precisely why governments are more dangerous than business.
The market currently has employees wages being stagnant for the past 3 decades and what has the market done? Spent money to convince you that that is ok or paid higher wages.
One is reality the other isnt
Stop preventing the market from doing it's job and you will have better wages.
You keep trying to prevent downturns through government action. Downturns are merely correction that occur when businesses engage in fraudulent, corrupt, or inefficient behavior. Let the corrective measures occur. Bailing out failing businesses just allows the corruption and inefficiencies continue to exist.
You complain about business not being held accountable by the market while enacting policies that interfer with markets correcting themselves. Government cannot prevent downturns no matter how hard they try.
The best way to fix the economy is to encourage people to be honest people and allow them to face the consequences of being dishonest ones.