I think this goes for so many things! The less the government is involved in anything, the more smoothly the country runs.
I feel with less government involvement and less regulation our country in which it was flourished by the ideal of free markets can once again flourish if we go back to government being more on a volunteer basis vs a career ideal. This is the only way I feel we can have a moral growth in the economy i.e Get the government off our backs. Thoughts?
I agree 100%. Before countries established the welfare system, churches and charitable organizations took care of the poor. Now we have a government who allocates our taxpayer dollars to others while spending an exorbitant amount on useless shit like all bureaucracies tend to do. With less gov involvement money would go directly from organizations set up ENTIRELY to benefit those less fortunate into the people’s hands. Keep the government out of everything I say.
“before countries established the wellfare system” there was also this little thing called the gilded age. There was boss tweed. There were political machines that got votes for support, there were big corporations that entirely ran the nation, and above all there was a ridiculous level of corruption at every level of government.
People, it may sound nice to have the government completely out of things, but then the corporations take over! and don’t give me that “corporations are people who worked hard”, it may be true but a big corporation is a separate entity that, by definition, exists only to make a profit and isn’t liable to any specific person for its actions.
Government needs to keep corporations in check so that we have elected officials in charge, instead of exploitative corporate entities.
Yes, they provide jobs, but big corporations — the ones that really pull weight in washington — are very rarely out to benefit the people that work for them OR the consumers that support them! Least of all the environment! Government must exist to keep a balance that puts these corporations in check.
@Iabelle Granter, I understand what you are saying, but I feel you are referring to crony capitalism which is entirely different. Cronyism is a corrupt way of the corporations “taking over”. I am talking the moral of men that is written in Atlas Shrugged. If you read that than you will understand why I say to keep government off of our backs. Government is there to keep the folks honest, but to punish the law abiding.
The less regulation is better would you not agree? Every God damn thing is taxed for one reason or another…Why? Is it helping me become any better financially/ No it’s not. It’s ruining the human individual IMO.
Free market is the only way an economy and nation can work and grow to become the wealthiest of nations.
i also understand where your coming from — the problem is, morality gets lost in capitalism. in theory it sounds lovely to have such a weak government, but in practice, it would never work.
this is why we got rid of the articles of confederation, and wrote the constitution.
But the constitution is all about free market and less Government based on the fact it was volunteer before and after the constitution was established. It was a people control the government not the way it is represented now. What we have now isn’t working that’s for sure…
yes, i can agree with you on that. the system has gotten out of control.
its like the 2nd amendment debate… the true intention of the founding fathers wasn’t to allow militias to defend themselves against the British, it was to allow them to defend themselves against big government.
the problem is, big corporations can be just as bad.
OK, so @Chase:
I largely agree with your point, I have read Atlas Shrugged + Fountainhead and fundamentally agree with the precepts.
In 1999 Bill Clinton signed into law the Gramm-Leach-Bliley act that repealed the most important portion of the 1933 Glass-Steagall act. Glass-Steagall barred an organization from simultaneously existing as any combination of commercial bank, investment bank, or insurance company.
The result of this was the housing bubble leading up to the inevitable crash in 2008. Deregulation of this sector allowed banks and investment firms to give out housing loans to people who in no way shape or form had any ability to pay them back. These were subprime loans. They then packaged these loans, paid S&P to give all of the loans AAA maximum ratings and then sold the packages to investors (pension funds, etc). Of course, the banks knew that these loans were going to fail, so they actually bet on the failure of these loans (against their own investors).
Ultimately, the investors lost all of their money, everyone got their houses foreclosed upon, and the real estate market plummeted… along with the world economy. The bank executives walked away with 100 million dollar bonuses.
Some regulations are necessary. Corporate competition is great. Predatory, parasitic fraud can be the cause for catastrophic worldwide effects costing millions of jobs and life savings accounts.
If you want a graphical explanation of what happened last decade, look no further, for I have just such a resource:
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