Re: OT ~ More Power to the Bureaucrats?

On Sat, 07 Jun 2008 18:46:20 GMT, Bruce S <bruce.snell@xxxxxxxxx>
wrote:

On Sat, 07 Jun 2008 13:18:59 -0500, Bob Giddings wrote:
, Bruce S <bruce.snell@xxxxxxxxx> wrote:


Thank you for explaining why government should never be involved in
business decisions. They should not bail them out, they should not
support them financially, and they should not regulate them to such a
degree that they are forced to rely on the government for their success.

Bruce

They should not bail them out. Agreed. But government is the natural
referee. And the referee enforces the rules. When they do not, the
game is rigged.

Nice try, but referees enforce rules, they do not make them. In
business, the rules should be extremely limited, mostly requiring "fair
trade" practices, so that when they sell something, the customer actually
gets what he paid for. There does not need to be any more than that.

Bruce

You would let the inmates run the asylum? That's just silly.
Their incentives are screwed up. The only way they can obey the
rules is if everybody obeys the rules. And the only way that
happens is if government enforces them equally for everyone.

Wall Street has shown time and time again they cannot govern
themselves. There's been no lack of opportunity. There is a
lack of will.

To be rational in the long term they must be unprofitable in the
short term. Therefore they can never stay rational for long.

It's like sharks when there is blood in the water. Their eyes
roll back in their heads, and they devour whatever is in front of
them, including, if they bend a bit, their own tails.



http://speedbmps.blogspot.com
http://www.arcatapet.net/bobgiddings
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