Blaze said:
WereKitten said:
Blaze said:
The only intervention from the governement in the terms of business is none... everything that has to do with government and business the government fails at... (this is from a US government view).
What do you mean by the community tho? Are we talking about the common folk or the rich or the poor or the businesses themselves?
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It doesn't really seem to me that the US government has been abstaining from direct intervention in the market due to ideological stances, lately (GM, anyone?). And even the US have such thing as anti-trust legislation.
As for the community i talked of, I said that it's the one the governments are meant to represent and defend the interests of. In the case of the US I assume it's made of all the citizens as equal.
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sort of but the "community" is way to big and made of way to many views for the government to represent them all.
yeah US messed up big with GM... i mean i now own part of GM so i guess i should get a free car... or with AIG i should get free insurance since i already pay them...
So if one company has a majority then it is no longer a free market? Is that the definition of free market? The best part about companys being greedy and abusive is that even when a company has a strangle hold there are other companys greedy as hell trying to take it away.
How do you know people will not buy a new OS that is better then all the rest? That to me sounds like "well we can not beat them so we might as well break them down till we can beat them."
I guess i believe more in the power of the people then in the power of the government.. if people really (other then us tech nerds) had a problem with what microsoft did and is doing then they would have done something about it. You can't punish people for finding success and reward people for failing... (/beginsarcasm unless your the US government /endsarcasm)
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Sorry, and where does the Government come from in the United States? It's a democracy... isn't it?
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The free market is flawed in principle, anyway. The idea of the free market is to try and achieve allocative efficiency of resources through the use of the price mechanism - and the price mechanism is where the free market fails. Price is usually costs to firm + profit, and it settles down at a reasonable level depending on the level of supply and demand of a good, but it doesn't factor in outside costs that the firm doesn't have to pay.
These outside costs are called negative externalities, and these could be, for example, the emission of carbon dioxide from production - firms don't pay for these emissions, and so they aren't factored in the cost of production, and so the good is being sold at a price lower than what it should be - meaning that allocative efficiency hasn't been reached, so the free market fails.
What the free market needs, and is starting to get, is Government intervention - through things like pollution permits and extra taxation, firms are starting to have to pay for these negative externalities, and that is resulting in the markets getting ever closer to allocative efficiency.
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Also, the free market would be much more effective in pre-14th amendment conditions, which granted corporations too much power. Before the 14th Amendment corporations were very limited in what they could do, they couldn't buy out other corporations, they could only do what their charter allowed them to do (say, making baskets), and corporations weren't around indefinitely - they were usually closed after they had served their function (corporation to build a bridge, or something). The 14th amendment, as most should know, was designed to give people (notably black ex-slaves) more rights, ans corporations managed to bring in that they were indeed, legal persons, and as such, they were able to dramatically increase their rights.