did the Laissez-faire free market create the perfect storm not seen since the great depression? fear of lending, fear of borrowing, the only instances we have experienced both in modern times are the Great Depression and Japan
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Re: did the Laissez-faire free market create the perfect storm not seen since the great depression?         


Author: Don S
Date: Feb 9, 2008 21:27

stuff_stuff@comcast.net wrote:
> On Sat, 09 Feb 2008 04:56:21 -0600, "Mark M." techz.net> wrote:
>
>
>>Ultimately, every problem is blamed on government, especially in the ironic
>>instance when government fails to take on a more active role in regulating business
>>practices.
>
>
>
> Absolutely. Largely because government doesn't get involved until
> there's already a failure. If there's a market failure - let's say as
> an example, in health care. The market is given a long time to try to
> resolve the matter. But only after a time of dissatisfaction with the
> results of the failure, the public inveighs on the government to act
> to correct it. If government's response is not perfect - no matter
> how complex or intractable the problem or how much improvement is
> made, the anti-statist crowd will scream it's a failure of government
> and blame the entire problem on government, never acknowledging the
> market failure that dumped the issue on the government's lap. ...
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Re: did the Laissez-faire free market create the perfect storm not seen since the great depression?         


Author: Clave
Date: Feb 9, 2008 21:32

"Don S" verizon.net> wrote in message
news:nXvrj.1069$qw4.794@trnddc02...

<...>
> 50 years ago there was no such thing as "medical insurance" for the
> masses. We all paid our own Doctor and Hospital bills...

Or just died if we couldn't afford it. Those really were the days...
> Now everyone wants the government to pay thier Medical bills.

You really don't understand how insurance works, do you?

Jim
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Re: did the Laissez-faire free market create the perfect storm not seen since the great depression? fear of lending, fear of borrowing, the only instances we have experienced both in modern times are the Great Depression and Japan         


Author: Michael Price
Date: Feb 9, 2008 23:15

On Feb 9, 8:54 pm, kikiv...@yahoo.com wrote:
> On Feb 9, 12:30 am, "Marcello" nospam.com> wrote:
>
>
>
>
>
>> tcq.net> wrote in message
>
>>news:24c9b24d-04ac-4d90-8109-82f3deac873a@h11g2000prf.googlegroups.com...
>
>>> did the Laissez-faire free market create the perfect storm not seen
>>> since the great depression? fear of lending,  fear of borrowing, the
>>> only instances we have experienced both in modern times are the Great
>>> Depression and Japa
>
>
>>> there was no government intervention here, the groups of sellers,
> ...
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Re: did the Laissez-faire free market create the perfect storm not seen since the great depression?         


Author: Michael Price
Date: Feb 9, 2008 23:40

On Feb 10, 3:32 am, stuff_st...@comcast.net wrote:
> On Sat, 09 Feb 2008 04:56:21 -0600, "Mark M." techz.net> wrote:
>>Ultimately, every problem is blamed on government, especially in the ironic
>>instance when government fails to take on a more active role in regulating business
>>practices.
>
> Absolutely. Largely because government doesn't get involved until
> there's already a failure. If there's a market failure - let's say as
> an example, in health care.

And when has there not been massive intervention in health care?
I mean for crying out loud, they throw people in the slammer for
not having the right paperwork in the health industry. Is that a
"market failure"? No it's a government failure and the government
has huge power in the health market. So blaming the free market
is disingenuous. Not as disingenous as trying to pretend the
finance market is free but nearly so.
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Re: did the Laissez-faire free market create the perfect storm not seen since the great depression? fear of lending, fear of borrowing, the only instances we have experienced both in modern times are the Great Depression and Japan         


Author: Michael Price
Date: Feb 9, 2008 23:42

On Feb 10, 12:16 am, Democracy Highlander
yahoo.com> wrote:
> Marcello wrote:
>> I don't know how you can say there was no government intervention when the
>> government permits the Fed to print its money as well as set the prime
>> banking rates.  Very poor monetary policy is the cause of this massive
>> bubble, and in fact if left alone in a laissez-faire situation (something
>> not likely to happen) it would correct itself in time.  
>
> MOTTO:
> =====
> Whenever somebody complain about government regulations and prise
> "laissez-faire free-markets", he is just trying to tell you that he is an
> unskilled idle making a living by piggybacking skilled professionals.
>
You don't even try to make a rational point anymore do you? You
just fling accusations about the...
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Re: did the Laissez-faire free market create the perfect storm not seen since the great depression? fear of lending, fear of borrowing, the only instances we have experienced both in modern times are the Great Depression and Japan         


Author: Video61
Date: Feb 9, 2008 23:47

On Feb 9, 10:28 am, stuff_st...@comcast.net wrote:
> On Sat, 9 Feb 2008 01:54:16 -0800 (PST), kikiv...@yahoo.com wrote:
>> Not all governments are the same. An elitist government is the
>>worst kind of government for Democracy since it is for the few, of the
>>few. Ever since Reagan, U.S. government leaned towards elitism (and
>>favored the rich.)
>
> To be honest though there are only a few brief periods in our history
> where it has "leaned" the other way. We're long over due.

well said stuff.
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Re: did the Laissez-faire free market create the perfect storm not seen since the great depression?         


Author: Video61
Date: Feb 9, 2008 23:48

On Feb 9, 10:32 am, stuff_st...@comcast.net wrote:
> On Sat, 09 Feb 2008 04:56:21 -0600, "Mark M." techz.net> wrote:
>>Ultimately, every problem is blamed on government, especially in the ironic
>>instance when government fails to take on a more active role in regulating business
>>practices.
>
> Absolutely. Largely because government doesn't get involved until
> there's already a failure. If there's a market failure - let's say as
> an example, in health care. The market is given a long time to try to
> resolve the matter. But only after a time of dissatisfaction with the
> results of the failure, the public inveighs on the government to act
> to correct it. If government's response is not perfect - no matter
> how complex or intractable the problem or how much improvement is
...
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Re: did the Laissez-faire free market create the perfect storm not seen since the great depression? fear of lending, fear of borrowing, the only instances we have experienced both in modern times are the Great Depression and Japan         


Author: kikivan6
Date: Feb 10, 2008 00:08

On Feb 9, 11:15 pm, Michael Price yahoo.com> wrote:
>> So when we discuss "government," we need to recognize what kind of
>> government we are talking about.
> The kind that looks after itself and then gets guys like you to
> blame others when it goes wrong. In other words the usual kind.

It's the libertarians that got it wrong. If the libertarians have
their way and get rid of the government (non-elitist type), what
happened? The poor will all move to other nations that have
governments that protect them, and the rich left behind will have to
pay many times the minimum wages to find anyone who is willing to do
the dirty works for them. So they are not rich anymore.

The fact is that the rich rely on the poor to do dirty works such as
gardening, farming, garbage collection, butchering, cleaning the
bathroom, and factory works. If a society refuses to protect the poor
with a government, people of low wages will all move to other
countries, and the nation that overly protect the "freedom" of the
rich will collapse.
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Re: did the Laissez-faire free market create the perfect storm not seen since the great depression? fear of lending, fear of borrowing, the only instances we have experienced both in modern times are the Great Depression and Japan         


Author: Marcello
Date: Feb 10, 2008 00:12

yahoo.com> wrote in message
news:91cf3e9a-03bb-477f-a86b-0f379fac5a10@h11g2000prf.googlegroups.com...
> On Feb 9, 11:15 pm, Michael Price yahoo.com> wrote:
>>> So when we discuss "government," we need to recognize what kind of
>>> government we are talking about.
>> The kind that looks after itself and then gets guys like you to
>> blame others when it goes wrong. In other words the usual kind.
>
> It's the libertarians that got it wrong. If the libertarians have
> their way and get rid of the government (non-elitist type), what

You seem to be under the false assumption that Libertarians wanting small
limited government equates to not wanting a judicial system. Al the
protections you describe exist under the Libertarian ideal as well.
>
> The only way to prevent this from happening is to lie and deny the
> fact that the real function of government is to protect people from
> being abused. And people like you continue to believe this lie.

I don't think your failure to understand the Libertarian viewpoint equates
to lies from those who promote a Libertarian ideal.
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Re: did the Laissez-faire free market create the perfect storm not seen since the great depression? fear of lending, fear of borrowing, the only instances we have experienced both in modern times are the Great Depression and Japan         


Author: kikivan6
Date: Feb 10, 2008 00:35

On Feb 10, 12:12 am, "Marcello" nospam.com> wrote:
> yahoo.com> wrote in message
>
> news:91cf3e9a-03bb-477f-a86b-0f379fac5a10@h11g2000prf.googlegroups.com...
>
>> On Feb 9, 11:15 pm, Michael Price yahoo.com> wrote:
>>>> So when we discuss "government," we need to recognize what kind of
>>>> government we are talking about.
>>> The kind that looks after itself and then gets guys like you to
>>> blame others when it goes wrong. In other words the usual kind.
>
>> It's the libertarians that got it wrong. If the libertarians have
>> their way and get rid of the government (non-elitist type), what
>
> You seem to be under the false assumption that Libertarians wanting small
> limited government equates to not wanting a judicial system. Al the
> protections you describe exist under the Libertarian ideal as well.
>
>
> ...
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