Video61@[EMAIL PROTECTED]
wrote:
>monetarist/lasseiz-faire free market fundamentalism assumptions are
>false and silly, markets are not self righting and are not perfect,
>reagan, thatcher, freidman ruined the world
Markets are self righting and perfect. It just does not work for
everything. The mistake was that they never really dug down to the
core of what markets to see why they work, and they never stood
back to investigate if markets work in all areas (which from the
physical proof of never ending misery they clearly do not). This
lack of knowledge has lead to the idea that you can trade everything.
It is the difference between making everything conforming to the
essence of trade, and making everything conform to the mechanism
of trade. They only did the latter, claiming the benefits of the
first. The essence of trade is equalization of power and swapping
freely products/services of effort between defined groups: individuals
and companies. It only works when there is sufficient competition:
a monopoly is a power position. It only works when the resources are
distributed: to equalize power. It does not work when owner****p of
companies gets traded in a stock exchange gambling pit by useless
parasites, because that denies workers the power they need, and
it removes the needed (open) labor market for company management.
Small amounts of money are sufficiently widespread to make lending
a few dollars cheap through competition, but investing large amounts
of money is not as competitive, and comparable effort does not
factor into it, and it leads to the dangerous effect that money is
most profitable with abusive bosses who deny the rest of the company
its share of power. When power is unequal, prices deviate away from
what would otherwise balance toward selling of equal effort, accounting
even for differences in talent, rewarding talented people more.
Markets are perfect, especially when they are localized and the
openness of the border is a political decision aimed at the health
of the home markets/society. The openness of the border can be used
to ****eld the home economy from tem****ary foreign imbalances, such
as abuses of workers producing cheap products that are too price
competitive. The openness of the border can be used to apply political
pressure, a substitute for war. When a country behaves unacceptably
according to another, there is a whole range of options from heightening
im****t tariffs on one product, to closing the border for people of
that nationality.
In principle open borders for all trade is economically the most
profitable for everyone, but only in an otherwise almost perfect
world, which we do not yet have.
Maybe it is hard to suddenly see markets as positive, I used to be wary
of them too. But the problem is not in the essential principle of trade,
what would you replace it with ? The problem is in how it is misunderstood
and mismanaged. Law is the easiest point to correct it. People should pay
more attention to the law I think, it is the foundation of society. That
foundation is describing a system which doesn't work. It can not be a
surprise, if you really think about it in light of how trade should work,
that society is such a bad place and that the wars never stop. The
Constitutions need an update IMHO. It can be done in many ways provided
a few minimum requirements are achieved. Start with that: describe
a proper trade system and Government in law. Take a pen and make up laws
that you think work. Once a Nation is happy with the design it can
be done. That should solve countless problems.
--
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sign petition for Democratic
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