JMeganSnow post=18.74461.834990 said:
Wow, starting right off with argument from intimidation in a thread which has nothing to do with the free market. There's some moonbattery for you--using any political issue as a platform to launch a preemptive assault on Teh Hatted Enemie.
I do think you give me too much credit, my dear.
JMeganSnow post=18.74461.834990 said:
While some do support free markets out of misplaced Utilitarianism, I am not one of them. The real argument in favor of complete laissez-faire capitalism is not that the free market does it better (it does, *eventually* and in principle, but immediate individual cases will, of course, vary) but because government involvement in the economy is a violation of individual rights and leads invariably to dislocations, corruption, and evils without measure.
Supporting free-markets out of utilitarianism is one thing, but to do so on normative grounds is troublesome. For the vast majority of markets out there, the tenants of the fabled First Welfare Theorem of Economics as written by Adam Smith are not met; specifically the absence of causes of market failure. You say that government involvement "leads invariably to dislocations, corruption and evils without measure." In reality, the absence of government involvement also leads to these as well. Why do you think laws are established and who do you think is responsible for them? Why are services like national security or defense are placed under the government's charge? I am not necessarily arguing that the government take full responsibility for everything as that is tyrannical. What I am instead arguing is that there be a better balance of public and private investment in the United States so as the entity with comparative advantage can provide the service at the lowest economic cost.
JMeganSnow post=18.74461.834990 said:
It is *not right* to forcibly take a man's property and use it for a purpose which he would denounce, no matter *what* that purpose is or *how* many people "benefit". Slavery is an absolute evil which should not be tolerated by any civilized human being. I suppose a preference for civilization and a human mode of living counts as a "bias".
No, actually, but wishful thinking and the use of the slippery slope fallacy to prove one's point do constitute something a bias. You seem to assume in the quote above that government involvement necessarily means the displacement of the rule of law. Many other developed countries have a sufficient level of government investment and they seem to fair pretty well with incomes per capita higher than those of the United States AND they rank higher than the United States for least corruption in Transparency International's databases. What I'm saying is that perhaps the government would do well to take control of certain aspects of the economy, but leaving the vast majority of the economy to be determined by the private sector. I understand what I meant may have been fuzzy regarding my last post, but I sincerely apologize.
JMeganSnow post=18.74461.834990 said:
Since neither candidate supports anything even remotely like a free market, though, I wonder what the purpose of this complaint can be.
This "complaint" is more or less directed towards McCain's campaign, but more towards American attitudes towards (or possibly mislead because of) recent Republican politics and the misinterpretation of the discipline of economics. On the surface, it may seem that Obama and McCain offer similar policy solutions, but McCain is adamantly against bureaucratic spending, which I believe the US should probably reconsider. Perhaps the reason government involvement has failed in the US is due to a strangling of the capabilities of your government. The reason I support Obama is because he seems to understand that the US model of the public administration dichotomy is ineffective. To quote him, "We should be asking ourselves what mix of policies will lead to a dynamic free market and widespread economic security, entrepreneurial innovation and upward mobility [...] we should be guided by what works." So far, lax regulation and over-privatization (especially in the financial and energy markets) doesn't seem to work out too well as evidenced by the global financial crisis and the Enron scandal or even the issues with your health care/insurance system.
To summarize, I was under the impression that America was the land of opportunity, where anyone can prosper, not just the select few. Under policies of Bush, your national debt has risen, your economy is shrinking and the vast majority of your countrymen are sinking into a poverty trap fueled by insurmountable debt, rising health costs and a government concerned less about these than they are about incentives from short-sighted lobbyists. I think you ought to revisit your definitions of "corruption," "slavery," and especially "freedom."