- Oct 17, 2009
- Reaction score
- San Francisco
- Political Leaning
"We had to destroy the village in order to save it"
"We have to destroy capitalism in order to save it"
The Mahablog » Destroying Capitalism to Save It
Obama: It Became Necessary to Destroy the Economy to Save it | Common Dreams
Governments regulate because it gives them power. No other reason.
Progressivism is the enemy.
I don't know what to tell you man. That's just stupid talk. Every economist agrees that government regulation is necessary to preserve competition and force companies to take account of externalities. Nobody would argue that. What they do argue about is the extent to which the government should make them take account of externalities, but nobody argues that they should just ignore them, and certainly nobody in their right minds argues that the government doesn't need to take steps to preserve competition... Capitalism without competition is not capitalism. That's the core engine of capitalism. I dunno man. You've got to do some more reading on economics before we can really discuss it.