Re: OT ~ More Power to the Bureaucrats?


"Janet Wilder" <kelliepoodle@xxxxxxxxx> wrote in message
news:484b0606$0$12301$c3e8da3@xxxxxxxxxxxxxxxxxxxx
Bob Giddings wrote:
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.

But "government" is too corrupt to enforce anything equally. You and I
hardly count for anything in the eyes of the politico who has gotten a few
Ks of campaign contributions from special interest groups.

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.

Do you think any recent federal government has been able to change
anything? I don't mean a few inside traders here and there, either. Making
an example of Martha Stewart didn't clean Wall Street's act up at all.
To be rational in the long term they must be unprofitable in the
short term. Therefore they can never stay rational for long.

...and when they are unprofitable, the constituents of the
congress-critters won't vote for them.

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.

Well put Janet - as for me, when it comes to regulating business, I would
rather trust business than government. At least if the business screws
things up, we can stop buying from them. On the other hand, if you try to
stop doing business with the government, you will go to prison. They have
all the power.

Bruce



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Relevant Pages

  • Re: OT ~ More Power to the Bureaucrats?
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