| akuma587 said: So haven't you guys just conceded that the market is about as dumb as a blind mule? |
No, we are saying a free market only works when it's free.
In a free market, there is risk and reward. You can't keep the reward without the risk. When the government steps in and tries to remove the risk, bad things happen... every time.
In this case Clinton just wanted to help out the poor. His heart was in the right place, he just did it by trying to bend the market to accommodate them. In the end what he did hurt them more then it helped.
Right now, the car company that should be the most upset, is Ford. They did more right then the others, and they are losing revenue because the car companies who were not so good in there decision making are allowed to continue. Government is messing with the free market in a way that, while trying to help, in the end will just be worse then before.
In the 30's, Government instilled laws that said some publicly traded companies had to cap there executive salaries. The problem then became how do you get the best people, when they can just go work somewhere else for more money? The answer was benefits. You gave them things the government did not consider a salary, like healthcare. This concept of people getting healthcare as a part of employment grew out of the government messing with the free market. It's one of the major events you can look at that put us where we are today with the healthcare industry.
Government needs to stay out of the free market.
