[QUOTE="theone86"]
[QUOTE="surrealnumber5"] he also took action against them. i think people who hate the free market either dont know what it is or are as smart as salmon, but till the day i start cracking open these peoples heads to see if i can find a salmon brain there is nothing wrong with my view. there is nothing wrong with an opinion no matter how unfounded, taking action can and often is vary wrong.surrealnumber5
For one, the assertation that people who don't buy into this total free market mentality hate the free market is absolutely ludacris. Many communists don't even hate the free market, Marx even had a grudging respect for Adam Smith and based some of his theories on free market thought. The free market is good for some things, but there are limits to its application. There are instances in which it can be abused, there are commodities which are vital to people's well-being that shouldn't be controlled by profiteers, there are concerns of long-term damage caused through profiteering methods e.g. the Gulf spill, and there are some theories that are simply untrue like the idea that vendors will always sell at the lowest price possible or that profits will naturally trickle down. I don't hate the free market, it's great for creature comforts like televisions and computers and such, I just don't think it can be entrusted with the operation of industries that have such far-reaching effects.
in a free market property rights reign supreme , if people still had property rights then BP would have unlimited liability for their actions, as they should, you know what just view thishttp://www.youtube.com/watch?v=DrTsaSUFfpo
Wow, there is so much wrong with that I don't know where to begin. For one, you're saying this in defense of people like Beck who are attacking the government for holding BP to a large liability, isn't that exactly what I was just saying, that people like Beck are horrible representatives even of free market philosophy?
Second, here are a few things; comparing the market from the 1800's to today's market is a complete and utter fallacy. Corporations have been developing their methods for cornering markets since then and are now supremely powerful entities in America. Single lawsuits do not get anywhere against large entities anymore, cla$$ action suits are pretty much required for something like the oil spill. Corporations have unilimited amounts of money to spend on defense lawyers, little old ladies have to rely on cla$$ action to get anything done, and even then the amount of money a corporation can spend on legal fees is probably still much more.
Next, the oil spill is an example of where you can actually see the damage being done and who's doing it, there are plenty of examples where people might not even know the damage being done to their property. One example is Love Canal, where toxic waste dumping resulted in birth defects and health problems for many of the residents. none of them knew what was going on until independent reporters decided to do their own investigation. Furthermore, suing on a case by case basis does not prevent things like this from happening again, if the cost of lawsuits is less than the cost of finding a safer method of disposal, then there's no reason for companies not to repeat these hazardous actions. Lastly, everyday citizens do not have the time or the resources to keep current on all the different events that affect their well-being, they need an organized entity, like the EPA or other government agencies, to monitor such things, set regulations to prevent coprorations from taking such actions, and to look out for these citizens' GENERAL WELFARE.
Citizens do not have the resources to continually be on the lookout for these types of things, nor do they have the resources to sue large corporations for each and every offense. Furthermore, being sued will not automatically deter corporations from taking such actions in the future. Lastly, these incidents are not always reversible. Money helps, but can it restore deformed children to the state they were in before a corporation ruined their health? Can it restore the livelihoold to a fisherman who can't fish the Gulf now because of pollution? Can it undo the damage done to the Gulf by the BP spill? No, it can't. We need to prevent these disasters, and relying on property rights alone will simply not do that.
I'm also not speaking just to environmentalism. Why should some people starve while some people eat themselves to death? Why should some people freeze on the street while others have twenty rooms and don't use half of them? Trickle down theory is flawed, it simply never works in practice like it does in theory.
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