I consider myself somewhat of a libertarian, but believe in at least some governmental regulation of business. You might think this is a contradiction, but it not to me. I believe in personal freedom (and responsibility), but corporations aren't persons. When something goes wrong there is not a person responsible, it's management pointing the finger at the stockholders or labor if things go wrong and everybody pointing the finger at management. This is the symptom of the free market, things take on a life of their own things get done "because they can" and never have the person make the decision when they should.
Now, I realize businesses exist to make money, but the point is "because we can" is gonna be bad for business. Look at some of the major problems facing the country:
1. The mortgage crisis- Banks and lenders gave away shitty financing "because they could" exploit the fact that people want big houses. Now they have a bunch of foreclosed homes that they can't sell and money that they can't recoup.
2. Oil prices- Hopefully the oil companies are socking away all the windfall profits. Big oil has fought it at every corner, yet have done more for alternative energy with $4 a gallon gas. They can protest "supply and demand" all they want but everybody knows what the phrase "record profits" mean, regardless of how you spin it.
No comments:
Post a Comment