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Originally Posted by UnderseaLcpl
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Originally Posted by Skybird
Some people would even circumcise their brain in order to not admit that it were arch-American economic ideals - lack of sufficient monitoring and regulation, and "leaving it to the market" - that created this crashdown.
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Don't forget that the high risk loans that created this little fiasco were only created because of government backing of financial institutions. The free market had little to do with it, other than many investors jumping on the federally-backed money-train. Can't blame them. They saw an opportunity and took it. That's what the market does, and why the state should have as little influence on the market as possible. Ensuring that all exchanges are voluntary and non-fradulent should be their main concern, not subsidizing, backing, or penalizing business. 
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Originally Posted by Skybird
Public office and private enterprise do not go well together.
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You said it best. |
Absolutely, the prime function of state should be to legislate so that the courts can regulate private market.
But has for some services I really think the State should be responsible for some services, because it's the sate duty in my opinion, to keep it's citizens safe.
For instance, could you fathom a privatly managed US army? (I'm not talking about those private security/merc style corporations who've been getting n action in Iraq)
Or (and this is a more local form of government, but still is) the police, firemen? So how can a what seems to me basic service like healthcare be mostly privately owned like in the states?