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<p>[QUOTE="Cloudsweeper99, post: 1253224, member: 3011"]It's never easy. The theory is fairly [not completely] sound. But if you let the free market determine eveything the problems will be just as great. Without regulation, large companies will use predatory pricing to bankrupt weaker and smaller competitors. Companies will collude to fix wages and benefits at subsistance levels. Product safety will take a back seat to profits. Workplace safety will be ignored and injuries and deaths on the job will return to levels of 100+ years ago. Environmental law will be ignored as it is in other nations. </p><p><br /></p><p>Never underestimate the power of greed. Almost no CEOs care anything about employees, the local economy, or anything but themselves. Most are probably psychopathic and will only do what is forced upon them by the legal system and economic policy. Look at the job situation. The free trade agreements over the past couple of decades have led to the transfer of much of the investment capital and jobs to other nations. If tarriffs and other regulations were in place, this would never have occurred. </p><p><br /></p><p>The details are unimportant, but the point is -- the people in the private sector are no better than those who run oppressive governments around the world, or the leaders of various theocratic countries around the world. Free trade is probably okay for primitive tribes, but modern economies need controls over government, churches and large businesses. Oherwise, people will end up serving the institutions instead of the institutions serving the people.</p><p><br /></p><p>Think about it.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1253224, member: 3011"]It's never easy. The theory is fairly [not completely] sound. But if you let the free market determine eveything the problems will be just as great. Without regulation, large companies will use predatory pricing to bankrupt weaker and smaller competitors. Companies will collude to fix wages and benefits at subsistance levels. Product safety will take a back seat to profits. Workplace safety will be ignored and injuries and deaths on the job will return to levels of 100+ years ago. Environmental law will be ignored as it is in other nations. Never underestimate the power of greed. Almost no CEOs care anything about employees, the local economy, or anything but themselves. Most are probably psychopathic and will only do what is forced upon them by the legal system and economic policy. Look at the job situation. The free trade agreements over the past couple of decades have led to the transfer of much of the investment capital and jobs to other nations. If tarriffs and other regulations were in place, this would never have occurred. The details are unimportant, but the point is -- the people in the private sector are no better than those who run oppressive governments around the world, or the leaders of various theocratic countries around the world. Free trade is probably okay for primitive tribes, but modern economies need controls over government, churches and large businesses. Oherwise, people will end up serving the institutions instead of the institutions serving the people. Think about it.[/QUOTE]
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